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260225.mbx T R O U B L E D C O M P A N Y R E P O R T E R Wednesday, February 25, 2026, Vol. 30, No. 56 Headlines 2275 SUNSET: Seeks to Hire Rhonda Walker as Bankruptcy Counsel 9/0 TRANSPORT: Unsecureds Will Get 12.62% of Claims over 5 Years 960 MANAGEMENT: Seeks to Tap Elias M. Yazbeck as Bankruptcy Counsel A-1 GRADING: Gets Interim OK to Use Cash Collateral AAM EQUIPMENT: Court Official Recommends No Committee Appointment ADVANTAGE SCI: Seeks to Hire Tydings & Rosenberg LLP as Attorney AGREETA SOLUTIONS: Plan Exclusivity Period Extended to April 9 AIR INDUSTRIES: Signs Strategic Merger With Tenax Aerospace ALL IN GRADING: Seeks to Tap Cole Hayes Law as Bankruptcy Counsel ALL SOUTH AC: Stanley Bond Named Subchapter V Trustee ALPHA 4 LLC: Hires Williams Island Realty as Real Estate Broker AMC NETWORKS: Launches Exchange Offer for 10.25% Notes AMERICAN SIGNATURE: Value City Owes Customers $57MM AMERICAN UNION: Hires Turner Legal Group as Bankruptcy Counsel AMI ENTERPRISES: Trustee Taps Anthony Michael as Design Officer ANTELOPE HOSPITALITY: Taps NAI Horizon as Real Estate Broker APPLIANCE PRO: U.S. Trustee Unable to Appoint Committee AQUA RESOLUTION: Taps David P. Leibowitz as Bankruptcy Counsel ARC PROPERTY: Claims to be Paid from Continued Business Operations ARCHBLOCK LLC: Hires Stretto Inc as Claims and Noticing Agent ARM VENTURES: Seeks to Hire DGIM Law PLLC as Bankruptcy Counsel ASHLAND INC: S&P Downgrades ICR to 'BB', Outlook Stable ASSIS & PASSION: L. Todd Budgen Named Subchapter V Trustee AXIP ENERGY: Files Chap. 11 in S.D. Tex. for Value-Maximizing Sale AXIP ENERGY: Seeks Chapter 11 Bankruptcy in Texas B&BC ESTATES: Commences Chapter 11 Bankruptcy in New Jersey BAER & ASSOCIATES: Taps Wiesner & Frackowiak as Bankruptcy Counsel BAYTEX ENERGY: Fitch Affirms 'B+' IDR & Then Withdraws Rating BRENMARK INC: Claims to be Paid from Disposable Income BROADBAND TELECOM: Hires Kroll as Claims and Noticing Agent BROADBAND TELECOM: Seeks to Hire Kroll as Administrative Advisor BROADBAND TELECOM: Taps Alvarez & Marsal India as Financial Advisor BROOKS CUSTOM: Seeks 20-Day Extension of Plan Filing Deadline BTWFU & GCFU: Seeks to Hire Curtis Law Firm as Bankruptcy Counsel CALIFORNIA LAW: Voluntary Chapter 11 Case Summary CANACOL ENERGY: Appoints Interim Co-CEOs Jason Bednar & Ravi Sharma CANNABIST COMPANY: Ad Hoc Group Extends Forbearance to Feb. 27 CAROLINA FITNESS: Hires Cole Hayes Law as Bankruptcy Counsel CAROLINA RENOVATION: Case Summary & 20 Largest Unsecured Creditors CAUSEY STREETER: Amends Plan to Include Kapitus Unsecured Claim CHARLES & COLVARD: Delays Q2 10-Q Filing, Flags Going Concern Doubt CHOATE ENGINEERING: Employs T. Verner Smith as Co-Counsel CHURCH INTERNATIONAL: Jerrett McConnell Named Subchapter V Trustee CIMG INC: Closes Initial $1.6MM Tranche of $5MM Notes CLEAN GUARANTEED: Hires Law Offices of David Freydin as Counsel COAST GLOBAL: Douglas Stanger Named Subchapter V Trustee COMPASS COFFEE: Committee Taps Womble Bond Dickinson as Counsel COMPASS COFFEE: Committee to Hire FTI Consulting as Advisors COOPER-STANDARD: Commences $1.1B Senior Secured Notes Offering CRESTMONT PROPERTIES: Hires Archer & Greiner P.C. as Counsel CRYO-1 INC: Gets Extension to Access Cash Collateral CYPRESSWOOD TX: Unsecured Creditors to Split $10K in Plan CYTTA CORP: Delays Q2 10-Q Filing Due to Auditor Review DALRADA FINANCIAL: Delays Q2 10-Q Filing Due to Auditor Review DENNER LLC: James Cross Named Subchapter V Trustee DGN PHARMACY: Retains Genova Burns LLC as Legal Counsel DHUKAN GHAR: Retains Triumph Group Real Estate as Realtor DIOCESE OF ALBANY: Taps Lahoud Law Group PC as Immigration Counsel DIOCESE OF ALEXANDRIA: Seeks to Extend Plan Exclusivity to April 30 DIRECT PLUMBING: Hires Rosenstein & Associates as Legal Counsel DREAMS AND DESTINATIONS: Ashley Rusher Named Subchapter V Trustee EARLY AMERICAN: Unsecureds Will Get 3% via Quarterly Payments EDGE DOCUMENT: Plan Filing Deadline Extended to March 19 ENCOMPASS ENTERPRISE: Taps RoganMillerZimmerman as Local Counsel FALLS OF BRAEBURN: Gets Extension to Access Cash Collateral FIRST BRANDS: Onset Financial Hits Back at $2.9-Bil. Fraud Lawsuit FIT AND FUN: Gets Final OK to Use Cash Collateral FLEXSHOPPER INC: Hires Williams Simons & Landis as Counsel FLOAT ALASKA: Seeks to Employ Sage Popovich as Sales Agent FLOAT ALASKA: Seeks to Hire Saul Ewing LLP as Bankruptcy Counsel FLOAT ALASKA: Seeks to Hire Stretto Inc as Administrative Advisor FLOAT ALASKA: Seeks to Retain Ordinary Course Professionals FLOAT ALASKA: Taps Sherwood Partners as Financial Advisor FOUR CORNERS: Case Summary & Five Unsecured Creditors FRANCESCA'S ACQUISITION: Hires Mandelbaum Barrett as Counsel FROM START: Property Sale Proceeds to Fund Trustee's Plan GENESIS HEALTHCARE: Aims to Secure $80MM in Sale Financing GEORGES REALTY: U.S. Trustee Appoints Creditors' Committee GEORGIA PROTONCARE: Taps BDO Consulting as Restructuring Advisor GLENWOOD CAVERNS: U.S. Trustee Unable to Appoint Committee GP CONCRETE: Commences Chapter 7 Bankruptcy in New Jersey GREEN TERRACE: Trustee Taps Progea Inc as Environmental Consultant HARRISBURG DAIRIES: Case Summary & 20 Largest Unsecured Creditors HAWAII MOLD: Case Summary & Nine Unsecured Creditors HILLVIEW DAIRY: Case Summary & 17 Unsecured Creditors HOWARD'S APPLIANCES: Hires Sonoran Capital Advisors as Consultant INSPIRED HEALTHCARE: Final Hearing on DIP Financing Set for March 3 INTREPID LLC: Case Summary & Two Unsecured Creditors J.G. JEWELRY PTE: Chapter 15 Case Summary JERSEY AUTO: Scott Rever Named Subchapter V Trustee JOURNEY'S HOME: Andrew Kight Named Subchapter V Trustee JT FREIGHT: Seeks Chapter 7 Bankruptcy in California KAHN PROPERTY: Claims to be Paid from Asset Sale Proceeds KASAI HOLDINGS: Trustee Hires Keegan Linscott as Accountant KID CITY USA: Final Cash Collateral Hearing Set for Feb. 26 KNAPP & BRUNNER: Gets Final OK to Use Cash Collateral LETS RESTYLE: Seeks Chapter 7 Bankruptcy in California LSF 12: S&P Assigns 'B' ICR on Leveraged Buyout, Outlook Stable MAISEL-HINSON MAINLAND: Chris Quinn Named Subchapter V Trustee MARAGAL MEDICAL: James LaMontagne Named Subchapter V Trustee MARINER'S GATE: Gets OK to Use Cash Collateral MARTINEZ & SONS: Gets Interim OK to Use Cash Collateral MARTINS PROPERTIES: Wendell Schollander Named Subchapter V Trustee MAZCOTA LLC: Robbin Messerli Named Subchapter V Trustee MIGHTY LEASE: Hires Geno and Steiskal as Bankruptcy Counsel MILKHOUSE INVESTORS: Seeks Chapter 7 Bankruptcy in California MOUNTAIN LAKES CLUB: Seeks Chapter 7 Bankruptcy in New Jersey MOUNTAIN VISTA: Trustee Taps San Diego Land Lawyers as Counsel MULTI-COLOR CORP: Russell R. Johnson Represents Utility Companies NFN8 GROUP: Seeks to Hire Synteq Digital Operations as Broker NIGHTFOOD HOLDINGS: Seeks Short Extension on December 2025 10-Q NINE ENERGY: Taps PricewaterhouseCoopers as Audit Services Provider NOAH WEBSTER BASIC SCHOOLS: S&P Lowers 2014/15 Bond Rating to 'B-' NORTHRIVER MIDSTREAM: Term Loan Add-on No Impact on Moody's Ba3 CFR O & K ALEXANDER'S: Seeks to Extend Plan Exclusivity to March 6 ONYX BUSINESS: Michael Markham Named Subchapter V Trustee PEAKS CONCRETE: Commences Chapter 7 Bankruptcy in New Jersey PLATINUM HEIGHTS: Taps Epiq Corporate as Claims and Noticing Agent POSIGEN PBC: Gets Court Approval for Chapter 11 Wind-Down Plan PRECIOUS GEMS: Brian Hofmeister Named Subchapter V Trustee PRESTIGE ACADEMICS: Seeks Chapter 7 Bankruptcy in Georgia PRETIUM PACKAGING: Court Approves Prepackaged Chapter 11 Plan PRETIUM PACKAGING: Milbank LLP & Chiesa Represent 1L and 2L Lenders QUARTZ MASTERS: Commences Chapter 7 Bankruptcy in Georgia R&R POOLS: Seeks to Hire Calaiaro Valencik as Bankruptcy Counsel RED RIVER: Beasley Allen Ouster Upheld in NJ Talc Suits RED STAGE: Jonathan Dickey Named Subchapter V Trustee RENNINGER PROPERTIES: Hires Lawrence Rogak LLC as Co-Counsel RESTORATION DOCTOR: Hires Davidoff Hutcher & Citron as Co-Counsel RESTORATION DOCTOR: Seeks to Hire Shapiro Law LLP as Co-Counsel RESULTS STAFFING: Hires Morris Palerm LLC as Bankruptcy Counsel REVLON INC: Talc Claimants Spar Over Absent Asbestos Trust in Court REYNOLDS CRAFT: U.S. Trustee Unable to Appoint Committee RIVULET ENTERTAINMENT: Delays Q2 10-Q Filing Due to Auditor Review RIZO-LOPEZ FOODS: Hearing Today on Bid to Use Cash Collateral SAKS GLOBAL: Paul Weiss, Porter Advise Anchorage, BlackRock et al. SAKS GLOBAL: Saks & Company to Close Pa. Distribution Facility SDLOMO PARTNERS: Gets Final OK to Use Cash Collateral SEMAI PROPERTY: Gets OK to Tap McNamee Hosea as Bankruptcy Counsel SILENT HERO: Case Summary & 20 Largest Unsecured Creditors SIMBA IL HOLDINGS: Creditors to Get Proceeds From Liquidation SINO GREEN: Q2 Net Loss Narrows to $226,701 on Revenue Gains SISSON AND SON: John Whaley Named Subchapter V Trustee SISTAH SHOP: Seeks Chapter 7 Bankruptcy in Georgia SKYTOP RANCH: Amy Denton Mayer Named Subchapter V Trustee SOBE THERMAL: Court Appoints J. Collins as New Receiver SOLIMAN PROPERTIES: Seeks to Tap Steven D. Pertuz as Legal Counsel SOUTHERN TREE: Seeks to Extend Plan Exclusivity to August 4 SPEYSIDE HOLDINGS: Seeks Chapter 11 Bankruptcy with $32.2MM Debt STANLEY UTILITY: Plan Exclusivity Period Extended to May 27 STOLI GROUP: Bankruptcy Watchdog Appoints Chapter 11 Trustees SUMMIT HARD: Unsecureds Will Get 0.896% of Claims in Plan T.G.S. LOGISTICS: Commences Chapter 7 Bankruptcy in California T.G.S. MANAGEMENT: Commences Chapter 7 Bankruptcy in California TERRA PROPERTY: Offers New 9.75% Notes Due 2029 TEXAS INTERNATIONAL: Gets Court Nod to Use Cash Collateral TI MANAGEMENT: Seeks Chapter 7 Bankruptcy in California TRISEO PLC: In Talks with Creditors on Possible Bankruptcy Filing UNLIMITED DELIVERIES: Taps Geno and Steiskal as Bankruptcy Counsel VAIL RESORTS:S&P Affirms 'BB' Issuer Credit Rating, Outlook Stable VIVIC CORP: Q2 Net Loss Falls to $126,147 Amid Liquidity Concerns WARFIELD HISTORIC: Seeks to Tap Offit Kurman as Bankruptcy Counsel WEABER INC: Gets Extension to Access Cash Collateral WEBSTER ETC: Gets Interim OK to Use Cash Collateral WEST RIDGE: Plan Exclusivity Period Extended to March 16 WILLIAM V. CHOISSER: Aaron Cohen Named Subchapter V Trustee ********* 2275 SUNSET: Seeks to Hire Rhonda Walker as Bankruptcy Counsel -------------------------------------------------------------- 2275 Sunset Plaza LLC seeks approval from the U.S. Bankruptcy Court for the Central District of California to employ Rhonda Walker Attorney at Law as counsel. The firm will provide these services: (a) advise and assist regarding compliance with the requirements of the United States Trustee; (b) advise regarding matters of bankruptcy law, including the rights and remedies of the Debtor in regard to its assets and with respect to the claims of creditors; (c) conduct examinations of witnesses, claimants or adverse parties and prepare and assist in the preparation of reports, accounts and pleadings; (d) advise concerning the requirements of the Bankruptcy Code and applicable rules; (e) assist with the negotiation, formulation, confirmation and implementation of a Chapter 11 plan; (f) make any appearances in the Bankruptcy Court on behalf of the Debtor; and (g) take such other action and to perform such other services as the Debtor may require. Ms. Walker will bill the Debtor at $300 per hour. The firm received a retainer of $8,000 from the Debtor. Ms. Walker disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Rhonda Walker, Esq. Rhonda Walker Attorney at Law 440 E. Huntington Blvd., Ste. 300 Arcadia, CA 91006 Telephone: (626) 577-7322 Facsimile: (626) 628-3210 Email: rwalker_law@yahoo.com About 2275 Sunset Plaza LLC 2275 Sunset Plaza LLC is a California-based real estate holding company associated with property interests located on Sunset Plaza. 2275 Sunset Plaza LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. C.D. Cal. Case No. 26-11242) on February 11, 2026. In its petition, the Debtor reports estimated assets between $50 million and $100 million and estimated liabilities between $10 million and $50 million. Judge Julia W. Brand oversees the case. The Debtor is represented by Rhonda Walker, Esq. 9/0 TRANSPORT: Unsecureds Will Get 12.62% of Claims over 5 Years ---------------------------------------------------------------- 9/0 Transport & Sales, Inc. filed with the U.S. Bankruptcy Court for the Southern District of Texas a Modified Plan of Reorganization under Subchapter V dated February 11, 2026. The Debtor is a trucking and construction company which started operations in August 2014. The Debtor is currently owned 100% by Matthew Clay Muniz. Mr. Muniz will remain managing member and retain his 100% ownership interest going forward. Based on the plan projections, the Debtor's total projected disposable income, as that term is defined by section 1191(d), to be committed to the payment of claims for the period described in section 1191(c)(2) for sixty (months is $140,830.37. The Debtor's Plan of Reorganization provides for the continued operations of the Debtors to make payments to its creditors as set forth in this Plan. Debtors proposed to pay allowed unsecured based on the liquidation analysis and cash available. Debtors anticipate having enough business and cash available to fund the plan and pay the creditors pursuant to the proposed plan. It is anticipated that after confirmation, the Debtors will continue in business. Based upon the projections, the Debtors believes it can service the debt to the creditors. Debtor seek to confirm a consensual plan of reorganization so that all payments to creditors required under the Plan will be made directly by the Debtors to its creditors. If the Debtors must seek confirmation of this Plan pursuant to Section 1191(b) of the Bankruptcy Code, then the Subchapter V Trustee will act as payment administrator under the Plan. Class 3 consists of General Unsecured Claims. This Class is impaired. The general unsecured Creditor Claims shall receive $230,221.82 which is 12.62% of the total unsecured claims of $1,824,094.34. All allowed unsecured creditors shall receive a pro rata distribution at zero percent per annum over the next five years. These debts shall be paid at the end of each quarter, and that first quarter shall begin not later than the 1st day of the first full calendar month following 30 days after the effective date of the plan and continuing for the life of the Plan. The payments shall be made out of the unsecured creditors pool of $1,824,094.34 distributed to unsecured creditors over the life of the Plan, but the first year of payments shall be reduced only by the amounts paid to the convenience creditors and only these unsecured creditors will receive distributions in years 1 to 5. Equity Interest holder Matthew Clay Muniz shall receive no distribution from Plan Payments. The Debtor will continue operating its business to generate funds to fund plan payments. The Debtor's Plan will break the existing claims into four classes of Claimants. These claimants will receive repayments over a period of time beginning on or after the Effective Date. A full-text copy of the Modified Plan dated February 11, 2026 is available at https://urlcurt.com/u?l=p0auYM from PacerMonitor.com at no charge. About 9/0 Transport & Sales Inc. 9/0 Transport & Sales, Inc. operates a trucking and construction business in Three Rivers, Texas. 9/0 Transport & Sales filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. S.D. Texas Case No. 25-20016) on January 17, 2025, with up to $10 million in both assets and liabilities. Matthew Muniz, company owner, signed the petition. Judge Marvin Isgur oversees the case. The Debtor is represented by: Robert C Lane The Lane Law Firm Tel: 713-595-8200 Email: notifications@lanelaw.com 960 MANAGEMENT: Seeks to Tap Elias M. Yazbeck as Bankruptcy Counsel ------------------------------------------------------------------- 960 Management Investments LLC seeks approval from the U.S. Bankruptcy Court for the Southern District of Texas to employ The Law Office of Elias M. Yazbeck, PLLC as counsel. The firm will provide these services: (a) advise and represent the Debtor during the bankruptcy process; (b) represent the Debtor in any negotiations and discussion with third parties; (c) represent the Debtor in any meetings, hearings, and conferences including the 341 meeting of creditors; (d) prepare pleadings, including any motions and applications necessary to facilitate the administration of this case; (e) take all actions needed to preserve the value of the Debtor and its assets as a going concern for the benefit of creditors; (f) facilitate the plan confirmation process; and perform all other acts and services necessary to assist the Debtor during its Chapter 11 reorganization. The firm will be paid at these hourly rates: Elias M. Yazbeck, Esq., Managing Member $330 Mei Young, Associate $330 Rafic Bittar, Associate $330 In addition, the firm will seek reimbursement for expenses incurred. Prior to the petition date, the firm received a deposit retainer in the amount of $10,000. Mr. Yazbeck disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Elias M. Yazbeck, Esq. The Law Office of Elias M. Yazbeck, PLLC 4119 Montrose Blvd., Suite 470 Houston, TX 77006 Telephone: (281) 755-7320 Email: elias@yazbecklaw.com About 960 Management Investments LLC 960 Management Investments, LLC owns four residential properties located at 911, 913, 915, and 917 Thompson Street in Houston, Texas, with a combined appraised value of approximately $3.53 million. 960 Management Investments filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. S.D. Tex. Case No. 26-30503) on January 27, 2026, with $3,525,000 in assets and $2,643,750 in liabilities. The petition was signed by Michael Gadagbul, authorized representative of Grace and Son Group LLC, the Debtor's sole managing member. Judge Eduardo V. Rodriguez presides over the case. Elias Yazbeck, Esq., at The Law Office of Elias M. Yazbeck, PLLC represents the Debtor as counsel. A-1 GRADING: Gets Interim OK to Use Cash Collateral --------------------------------------------------- The U.S. Bankruptcy Court for the Eastern District of North Carolina, Raleigh Division, entered an interim order authorizing A-1 Grading, Inc. to use cash collateral. The court authorized the Debtor to use cash collateral in accordance with its operating budget, allowing expenditures up to 10% above projected amounts without further approval. The Debtor projects total monthly operational expenses of $19,320.05. Authorization to use cash collateral will terminate if the Debtor ceases operations or fails to comply with the interim order. A-1 Grading, a North Carolina corporation operating in the Raleigh area, requires access to cash collateral generated from ongoing revenues to maintain operations and preserve its going-concern value. At filing, the company held approximately $2,405.38 in cash and about $32,334.42 in unencumbered personal property. Creditors including the U.S. Small Business Administration, CAN Capital, ODK Capital, Flagler Advance, and EN OD Capital may claim interests in the cash collateral, though they had not yet consented to its use. As adequate protection, secured creditors will be granted replacement liens on post-petition cash and personal property and agreed to make monthly payments of $594.88 to the SBA beginning March 1. A-1 Grading must also maintain a debtor-in-possession (DIP) account, deposit all receipts into that account, and provide monthly bank statements to the U.S. Bankruptcy Administrator. A further hearing is scheduled for March 4. The order is available at http://bankrupt.com/misc/A-1Grading_InterimCashCollOrder.pdf About A-1 Grading Inc. A-1 Grading, Inc. sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D.R.D. Case No. 26-00593) on February 9, 2026, listing assets of between $100,001 and $500,000 in assets and liabilities of between $1 million and $10 million. Judge Hon. Pamela W. Mcafee oversees the case. The Debtor is represented by Danny Bradford, Esq., at Paul D. Bradford, PLLC. AAM EQUIPMENT: Court Official Recommends No Committee Appointment ----------------------------------------------------------------- The U.S. Bankruptcy Administrator for the Middle District of Alabama recommended that no official committee of unsecured creditors be appointed in the Chapter 11 case of AAM Equipment, LLC. The Bankruptcy Administrator said that no creditor responded to its inquiry about serving on the committee. About AAM Equipment LLC AAM Equipment, LLC is engaged in renting heavy construction equipment. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Ala. Case No. 26-80129) on February 2, 2026. In the petition signed by Aaron Moody, owner, the Debtor disclosed up to $50,000 in assets and up to $10 million in liabilities. Judge Christopher L. Hawkins oversees the case. Stuart Memory, Esq., at Memory Memory and Causby, LLP, represents the Debtor as legal counsel. ADVANTAGE SCI: Seeks to Hire Tydings & Rosenberg LLP as Attorney ---------------------------------------------------------------- Advantage SCI, LLC seeks approval from the U.S. Bankruptcy Court for the Eastern District of Virginia to hire Tydings & Rosenberg LLP as attorneys. The firm's services include: a. providing the Debtor legal advice with respect to its powers and duties as a debtor in possession and in the operation of its business; b. representing the Debtor in defense of any proceedings instituted to obtain relief from the automatic stay under section 362(a) of the Bankruptcy Code; c. preparing any necessary applications, answers, orders, operating reports and other legal papers, and appearing on the Debtor’s behalf in proceedings instituted by or against the Debtor; d. assisting the Debtor with any sale of its assets under Section 363 of the Bankruptcy Code; e. assisting the Debtor in the preparation of schedules, statement of financial affairs, and any amendments thereto which the Debtor may be required to file in this case; f. assisting the Debtor in the preparation of a plan; g. prosecuting affirmative claims on behalf of the Debtor seeking the recovery of any assets; h. assisting the Debtor with other legal matters, including, among others, securities, corporate, real estate, tax, intellectual property, employee relations, general litigation, and bankruptcy legal work; and i. performing all of the legal services for the Debtor which may be necessary or desirable in this bankruptcy case. The hourly rates of the firm's counsel are: Mary Fran Ebersole, Partner $500 Joseph Selba, Partner $500 Counsel & Partners $500 - $700 Associates $325 - $350 Paralegal $200 In addition, the firm will seek reimbursement for expenses incurred. The firm received a retainer in the amount of $75,000 from the Debtor. Tydings & Rosenberg LLP is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code, according to court filings. The firm can be reached at: Stephen B. Gerald, Esq. Tydings & Rosenberg LLP 1 East Pratt Street, Suite 901 Baltimore, MD 21202 Telephone: (410) 752-9700 E-mail: sgerald@tydings.com About Advantage SCI, LLC Advantage SCI, LLC provides counterintelligence, intelligence, security, linguist, logistics, and program support services to U.S. government agencies, supporting national security and defense operations domestically and overseas. Advantage SCI, LLC filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. E.D. Va. Case No. 26-10232) on January 30, 2026, listing $1 million to $10 million in both assets and liabilities. The petition was signed by Elsa Lee as chief executive officer. Stephen B. Gerald, Esq. at TYDINGS ROSENBERG LLP represents the Debtor as counsel. AGREETA SOLUTIONS: Plan Exclusivity Period Extended to April 9 -------------------------------------------------------------- Judge Paul W. Bonapfel of the U.S. Bankruptcy Court for the U.S. Bankruptcy Court for the Northern District of Georgia extended Agreeta Solutions USA, LLC's exclusive periods to file a plan of reorganization and obtain acceptance thereof to April 9 and June 8, 2026, respectively. As shared by Troubled Company Reporter, the Debtor explains that it is presently working to negotiate a plan of reorganization with its creditors, but the Debtor requires additional time to allow it to finalize a settlement with SLRF and propose a viable, feasible plan of reorganization. The Debtor claims that it seeks an extension to the Exclusivity Periods to preclude the costly disruption and instability that would occur if competing plans were proposed. The Debtor notes that the request for an extension will not unfairly prejudice or pressure its creditor constituencies or grant the Debtor any unfair bargaining leverage. The Debtor needs creditor support to confirm any plan, so the Debtor is in no position to impose or pressure its creditors to accept unwelcome plan terms. The Debtor seeks an extension of the Exclusivity Periods to advance the case and continue good faith negotiations with its stakeholders. The Debtor asserts that premature termination of the Exclusivity Periods may engender duplicative expense and litigation associated with multiple competing plans. Any litigation with respect to competing plans and resulting administrative expenses will only decrease recoveries to the Debtor's creditors and significantly delay, if not undermine entirely, the possibility of prompt confirmation of a plan of reorganization. About Agreeta Solutions USA LLC Agreeta Solutions USA, LLC develops digital solutions for the agriculture technology sector, offering platforms that integrate smart farming, traceability, and agri-commerce tools. It operates in Peachtree Corners, Georgia, and focuses on improving farm productivity, supply chain transparency, and market connectivity. Its services include precision agriculture analytics, end-to-end food product traceability, and support for farmer networks. Agreeta Solutions USA sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ga. Case No. 25-59677) on August 25, 2025. In its petition, the Debtor reported between $10 million and $50 million in assets and liabilities. The Debtor is represented by: Theodore N. Stapleton, Esq. Theodore N. Stapleton, P.C. Tel: 770-436-3334 Email: tstaple@tstaple.com AIR INDUSTRIES: Signs Strategic Merger With Tenax Aerospace ----------------------------------------------------------- Air Industries Group disclosed in a regulatory filing that it entered into an Agreement and Plan of Merger with Tenax Aerospace Acquisition, LLC, and Transitory Air Sub LLC, a wholly owned Subsidiary of AIR, pursuant to which Merger Sub will merge with and into Tenax, with Tenax continuing as the surviving company in such merger and a wholly owned Subsidiary of AIR. Pursuant to the terms and subject to the conditions set forth in the Merger Agreement, AIR will issue 94,400,000 shares of AIR Common Stock, subject to certain adjustments, to the holders of the membership interests of Tenax at the Closing. A portion of the Merger Consideration allocated in respect of membership interests of Tenax underlying certain Tenax warrants that remain unexercised as of the Closing, if any, will be reserved by AIR for future issuance upon the exercise of such warrants. Following the Closing, the Tenax Members will collectively own approximately 95% of outstanding AIR Common Stock, and the stockholders of AIR as of immediately prior to the Closing will collectively own approximately 5% of outstanding AIR Common Stock. The issuance of the shares of AIR Common Stock constituting the Merger Consideration to the Tenax Members will be made in reliance on an exemption from the registration provisions of the Securities Act of 1933, as amended, set forth in Section 4(a)(2) thereof, relating to sales by an issuer not involving a public offering. The Merger Consideration will be adjusted based on a calculation of AIR Net Indebtedness to determine the Debt Adjusted AIR Share Price, in each case as of the last day of the calendar month most recently ended more than 15 days prior to the Closing Date. Based on AIR's preliminary unaudited balance sheet as of December 31, 2025, the calculation of AIR Net Indebtedness would result in a Debt Adjusted AIR Share Price of approximately $3.44 per share of AIR Common Stock, and the Merger Consideration would comprise approximately 112.5 million shares of AIR Common Stock. Tenax has agreed that at the Closing, Tenax or one of its Affiliates will pay or cause to be paid the indebtedness of AIR due to Webster Bank and Michael and Robert Taglich, directors of AIR, in satisfaction of certain subordinated notes. The Merger Agreement contains customary representations and warranties of the parties, in each case generally subject to customary materiality and other qualifiers, and customary pre-Closing covenants of the parties, including covenants requiring both AIR and Tenax to use reasonable best efforts to: (a) conduct their respective businesses in all material respects in the ordinary course consistent with past practice and refrain from taking certain types of actions without the other party's consent (not to be unreasonably withheld, delayed or conditioned), subject to certain exceptions, and (b) obtain all required regulatory approvals and clearances and consummate the Transactions, subject to certain exceptions and limitations. Under the Merger Agreement, each of AIR and Tenax is subject to customary "no-shop" provisions that restrict AIR and Tenax's ability to solicit competing proposals from third parties, and/or to provide information to third parties and to engage in discussions with third parties, in each case, in connection with competing proposals, subject to certain exceptions. However, under certain circumstances and in compliance with certain obligations set forth in the Merger Agreement, AIR is permitted to provide non-public information and engage in discussions and negotiations with respect to competing proposals that constitute, or are reasonably likely to lead to, a Superior Proposal. Prior to receipt of the AIR Stockholder Approvals, the AIR Board may, in certain limited circumstances, withdraw or modify its recommendation that the AIR Stockholders approve the AIR Charter Amendment... or the AIR Stock Issuance... or adopt or recommend any Superior Proposal, subject to complying with notice and other specified conditions, including giving Tenax the opportunity to propose revisions to the terms of the transactions contemplated by the Merger Agreement during a match right period. Notwithstanding a Change in the AIR Recommendation by the Board, unless Tenax terminates the Merger Agreement, AIR is still required to convene the meeting of its stockholders to approve the AIR Charter Amendment and the AIR Stock Issuance. The Closing is subject to certain specified conditions, including, among other things: (a) the expiration or termination of the applicable waiting period under the Hart-Scott-Rodino Act, (b) the receipt of certain antitrust and government agency approvals and clearances and (c) other customary conditions for a transaction of this type, such as the absence of any legal restraint prohibiting the consummation of the Transactions and there not having occurred with respect to AIR or Tenax's business a material adverse effect, subject to certain customary exceptions. The Closing is not conditioned upon AIR or Tenax's ability to obtain financing for the Transactions. In addition, the Closing will be subject to approval by the AIR Stockholders of: (a) a proposal to amend AIR's Articles of Incorporation to (i) increase the number of authorized shares of AIR Common Stock from 20 million to 200 million and (ii) authorize stockholder action by written consent in lieu of a stockholder meeting at any time while Majority Ownership (as defined in the AIR Charter Amendment) exists and (b) a proposal, in compliance with Section 713(b) of the NYSE American Company Guide, to approve the issuance of the shares of AIR Common Stock constituting the Merger Consideration to the Tenax Members, resulting in a change in control of AIR. The Board of Directors of AIR has adopted the Merger Agreement and approved the Transaction Documents and the Transactions, and resolved to recommend that the AIR Stockholders vote in favor of approving the AIR Charter Amendment and the AIR Stock Issuance. The Merger Agreement contains customary termination rights for the benefit of AIR and Tenax, including: (a) if the other party breaches its representations, warranties or covenants under the Merger Agreement to a degree that would cause the failure of the closing conditions (subject to a cure right) (b) if the Closing does not occur on or before September 30, 2026, (c) if a governmental authority has enacted, issued, promulgated, enforced or entered any law, whether temporary, preliminary or permanent, which is then in effect and has the effect of enjoining, restraining, prohibiting or otherwise preventing the consummation of the Transactions, (d) if the AIR Stockholders fail to approve the AIR Charter Amendment or the AIR Stock Issuance or (e) if AIR and Tenax mutually consent to termination in writing. The Merger Agreement also contains customary termination rights: (a) for Tenax, if (i) AIR makes a Change in the AIR Recommendation or (ii) certain stockholders of AIR fail to execute and deliver the AIR Stockholder Support Agreement within 72 hours following execution and delivery of the Merger Agreement and (b) for AIR, if (i) Tenax fails to close the Merger within a specified period after all closing conditions have been satisfied or AIR's delivery of a written notice to Tenax that all of Tenax's closing conditions have been satisfied or waived or that AIR is willing to waive any unsatisfied conditions, (ii) to accept a Superior Proposal or (iii) if certain Tenax Members fail to execute and deliver the Tenax Member Support Agreement within 72 hours following execution and delivery of the Merger Agreement. If the Merger Agreement is terminated under certain other specified circumstances, AIR or Tenax will be required to pay a termination fee. AIR will be required to pay Tenax a termination fee of $1,250,000 if AIR terminates the Merger Agreement to accept a Superior Proposal or Tenax terminates the Merger Agreement because the AIR Board has made a Change in the AIR Recommendation. Tenax will be required to pay AIR a termination fee of $1,250,000 under specified circumstances, including if AIR terminates the Merger Agreement as a result of Tenax's material breach of the Merger Agreement or Tenax's failure to close the Merger within a specified period after all closing conditions have been satisfied or AIR's delivery of a written notice to Tenax that all of Tenax's closing conditions have been satisfied or waived or that AIR is willing to waive any unsatisfied conditions. In the event that either AIR or Tenax terminates the Merger Agreement following a meeting of the AIR Stockholders at which the AIR Stockholders fail to approve the AIR Charter Amendment and the AIR Stock Issuance, AIR shall reimburse Tenax for Tenax's reasonable and documented out-of-pocket costs and expenses incurred in connection with the execution of the Merger Agreement and the consummation of the Merger, up to $500,000. Support Agreements Certain AIR Stockholders have entered into an AIR Stockholder Support Agreement, pursuant to which such AIR Stockholders have agreed, among other things, to vote their shares of AIR Common Stock in favor of the AIR Charter Amendment and the AIR Stock Issuance and against any competing proposal. In addition, Tenax Members owning a majority of the outstanding membership interests of Tenax have entered into a Tenax Member Support Agreement, pursuant to which they have agreed, among other things, to consent to the Merger and the terms and provisions of the Transaction Documents. Tender Offer Within five Business Days following the Closing, if the volume weighted average price of AIR Common Stock during the 20 Trading Days preceding the Closing is less than the Debt Adjusted AIR Share Price, AIR will commence a tender offer to purchase up to 1,000,000 shares of AIR Common Stock at a purchase price equal to the Debt Adjusted AIR Share Price, net to the holders of AIR Common Stock prior to the Merger in cash, without interest. The Tender Offer will remain open for not less than 20 Business Days, subject to extension by AIR under certain circumstances. Redemption Rights Agreement Prior to the Closing, AIR will declare and issue as a dividend to AIR Stockholders as of the Business Day immediately prior to the Closing Date a right to cause AIR to redeem shares of AIR Common Stock that such AIR Stockholders then own and continue to own on the first anniversary of the Closing. Such redemption rights will entitle the holders thereof to require AIR to purchase all or a portion of such AIR Stockholder's shares of AIR Common Stock for a redemption price, payable in cash, equal to 107.3% of the Debt Adjusted AIR Share Price, if the volume weighted average price of AIR Common Stock during the 20 Trading Days preceding the first anniversary of the Closing is lower than 107.3% of the Debt Adjusted AIR Share Price. Such redemption rights will not be transferable Lock-Up Agreements and Registration Rights Agreement Prior to the Closing, AIR and Thomas Foley, Chief Executive Officer, Chairman and a director of Tenax, and Taran Bakker, a director of Tenax, will enter into Lock-Up Agreements restricting transfers of AIR Common Stock held directly or indirectly by Mr. Foley and Mr. Bakker for 180 days after the Closing. In addition, prior to the Closing, AIR and the Tenax Members will enter into a Registration Rights Agreement granting (i) Mr. Foley and Mr. Bakker and certain of their respective affiliates customary demand rights and (ii) the Tenax Members piggyback registration rights, in each case for the resale of the shares of AIR Common Stock held by the Tenax Members. Leadership Commentary Tom Foley, Chairman of Tenax, said: "This merger represents an important step for Tenax's plans to expand its presence in the aerospace and defense sector. Partnering with Air Industries Group provides Tenax with a public listing for its shares, manufacturing capability, and access to permanent capital to support long-term growth. We look forward to working with Air Industries management to build a larger and more diversified aerospace company." Peter Rettaliata, Chairman of Air Industries Group, added: "The Board of Directors and management of Air believe this strategic merger is compelling. It represents an excellent outcome for Air shareholders, who will participate in a stronger combined company with a broader range of aerospace and defense products and the benefits of additional expertise and resources. Together, we believe the combined company will be well-positioned to create future value for both our customers and our shareholders." The full text copy of the Merger Agreement and the Transaction Documents that are exhibits thereto, is available at https://tinyurl.com/mwjtcm7b About Tenax Aerospace Tenax is a leading provider of special mission aircraft and related services to the U.S. and Canadian Governments and other customers. The company focuses on enduring special mission aviation programs critical to national security and the public interest, including aerial fire suppression, airborne ISR, airborne engagement simulation and airborne sensor testing and training. Founded in 2001, Tenax is privately owned and headquartered in Ridgeland, Mississippi. Tenax currently employs approximately 255 people. About Air Industries Air Industries Group, headquartered in Bay Shore, New York, manufactures precision components and assemblies for the aerospace and defense industry, supplying parts such as landing gear, flight controls, and engine mounts for military and commercial aircraft as well as ground turbines. Its products are used in programs including the F-18 Hornet, E-2 Hawkeye, UH-60 Black Hawk, F-35 Lightning II, F-15 Eagle, and Airbus A220, with customers spanning U.S. and international governments and global airlines. The Company operates two manufacturing centers in the U.S. In its audit report dated April 15, 2025, Marcum LLP included a "going concern" qualification noting that the Current Credit Facility expires on Dec. 30, 2025. In addition, the Company is required to maintain a collection account with its lender into which substantially all the Company's cash receipts are remitted. If the Company's lender were to cease lending and keep the funds remitted to the collection account, the Company would lack the funds to continue its operations. The Current Credit Facility expiration date and the rights granted to the lender, combined with the reasonable possibility that the Company might fail to meet covenants in the future, raise substantial doubt about its ability to continue as a going concern. As of June 30, 2025, the Company had $50.38 million in total assets, $35.11 million in total liabilities, and $15.27 million in total stockholders' equity. The Company said it remains focused on its business but may seek to raise additional capital or borrow funds on terms it considers favorable. It noted that issuing equity or convertible debt, raising interest rates on current borrowings, or offering equity to lenders in exchange for extending debt could increase interest costs and dilute existing shareholders. In addition, the Company said refinancing could require more restrictive covenants, while a loan default could lead to actions that might force it to seek court protection, and warned that financing may not be available on acceptable terms or at all. ALL IN GRADING: Seeks to Tap Cole Hayes Law as Bankruptcy Counsel ----------------------------------------------------------------- All In Grading LLC seeks approval from the U.S. Bankruptcy Court for the Western District of North Carolina to hire Cole Hayes Law to serve as legal counsel in its Chapter 11 case. Cole Hayes will provide these services: (a) represent the Debtor in this Chapter 11 case; (b) perform legal work on behalf of the Debtor; (c) seek reimbursement for expenses fronted on behalf of the Debtor such as for postage, copying, legal research, travel, and parking; and (d) apply for interim compensation of fees and expenses on a monthly basis. Cole Hayes will charge $490 per hour for legal work. The firm received a retainer in the amount of $21,248. Cole Hayes is a disinterested person within the meaning of Sections 327, 330, and 101(14) of the Bankruptcy Code, according to court filings. He can be reached at: Cole Hayes, Esq. COLE HAYES LAW 601 S. Kings Drive, Suite F PMB #411 Charlotte, NC 28204 Phone: (980) 416-4266 Email: info@colehayeslaw.com About All In Grading LLC All In Grading LLC provides excavation and site preparation services, including land grading, land clearing, and demolition work for residential and commercial projects, and operates in the construction and earthwork contracting industry. The company is based in Kings Mountain, North Carolina, and serves customers in surrounding areas within the state. All In Grading LLC filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. W.D.N.C. Case No. 26-40037) on February 6, 2026, listing $1 million to $10 million in both assets and liabilities. Judge Ashley Austin Edwards presides over the case. Cole Hayes, Esq. serves as the Debtor's counsel. ALL SOUTH AC: Stanley Bond Named Subchapter V Trustee ----------------------------------------------------- The Acting U.S. Trustee for Region 13 appointed Stanley Bond as Subchapter V trustee for All South AC Heating & Refrigeration, Inc. Mr. Bond will be paid an hourly fee of $250 for his services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Mr. Bond declared that he is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Stanley V. Bond P.O. Box 1893 Fayetteville, AR 72702 479-444-0255 Email: attybond@me.com About All South AC Heating & Refrigeration All South AC Heating & Refrigeration, Inc. sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D. Ark. Case No. 26-70254) on February 17, 2026, with $1 million to $10 million in assets and $500,001 to $1 million in liabilities. Judge Richard D. Taylor presides over the case. Marc Honey, Esq., at Honey Law Firm, P.A. represents the Debtor as legal counsel. ALPHA 4 LLC: Hires Williams Island Realty as Real Estate Broker --------------------------------------------------------------- Alpha 4, LLC, seeks approval from the U.S. Bankruptcy Court for the Southern District of Florida to hire Williams Island Realty, LLC as real estate broker. The firm will market and sell the Debtor's property located at 1000 Island Blvd., #PH9, Aventura, FL 33160. The broker will receive a commission equal to 6 percent of the gross purchase price. Williams Island Realty, LLC is "disinterested," as such term is defined in 11 U.S.C. Sec. 101(14), according to court filings. The firm can be reached through: Joel Matus Williams Island Realty, LLC 4100 Island Boulevard Tel: (305) 937-7874 Fax: (305) 974-0110 About Alpha 4, LLC Alpha 4, LLC is a limited liability company. Alpha 4, LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Fla. Case No. 25-25412) on December 30, 2025. In its petition, the debtor reports estimated assets ranging from $1 million to $10 million and estimated liabilities in the same range. Honorable Corali Lopez-Castro handles the case. The debtor is represented by Mark S. Roher, Esq., of the Law Office of Mark S. Roher, P.A. AMC NETWORKS: Launches Exchange Offer for 10.25% Notes ------------------------------------------------------ AMC Networks Inc. announced the commencement of an exchange offer to Eligible Holders to exchange any and all of its outstanding 10.25% Senior Secured Notes due 2029 for its newly-issued 10.50% Senior Secured Notes due 2032, on the terms and subject to the conditions set forth in a Confidential Offering Memorandum and Consent Solicitation Statement, dated as of February 23, 2026. The following sets forth the consideration offered in the Exchange Offer and Consent Solicitation: Title of Old Notes: 10.25% Senior Secured Notes due 2029 CUSIP Number of Old Notes: -- 00164V AG8 (144A) -- U02400 AB2 (Reg S) Aggregate Principal Amount Outstanding: $875,000,000 Total Exchange Consideration (Principal Amount): $1,065 Consideration (Principal Amount): $1,015 (1) For each $1,000 principal amount of Old Notes that are validly tendered and accepted for exchange, subject to any rounding as described herein. (2) The Total Consideration or Exchange Consideration, as applicable, will be reduced by an amount equal to the aggregate Net Interest Deduction (as defined below). No accrued interest will be paid on Old Notes that are tendered and accepted. (3) The Total Consideration includes the early tender premium (the "Early Tender Premium") of $50 principal amount of New Notes validly tendered at or prior to the Early Tender Time. The Exchange Offer will expire at 5:00 p.m., New York City time, on March 23, 2026, unless extended or earlier terminated by the Company. Eligible Holders that validly tender their Old Notes and deliver their consents prior to 5:00 p.m., New York City time, on March 6, 2026, unless extended, and do not validly withdraw their Old Notes or validly revoke their consents prior to 5:00 p.m., New York City time, on March 6, 2026, will receive the "Total Consideration", which includes the Early Tender Premium. Holders that validly tender their Old Notes and deliver their consents after the Early Tender Time and on or before the Expiration Time will receive the "Exchange Consideration" set out in the applicable column in the table above. Validly tendered Old Notes may not be withdrawn and consents may not be revoked after the Withdrawal Deadline, subject to limited exceptions. The Company may elect, in its sole discretion, to settle any or all of the Exchange Offer for any or all of the applicable series of Old Notes and issue the New Notes with respect to such Old Notes validly tendered at or prior to the Early Tender Time (and not validly withdrawn) at any time after the Early Tender Time and at or prior to the Expiration Time, subject to certain limitations. Such Early Settlement Date will be determined at the Company's option and, if elected, would be expected to occur on or after March 13, 2026, the fifth business day after the Early Tender Time, assuming the conditions to the Exchange Offer have either been satisfied or waived by the Company at or prior to the Expiration Time. The issuance of New Notes to Eligible Holders in exchange for Old Notes that are validly tendered and not validly withdrawn after the Early Tender Time and prior to the Expiration Time and accepted for exchange will be made on the date referred to as the "Final Settlement Date." The Final Settlement Date is expected to occur on or about March 25, 2026, two business days following the Expiration Time, assuming the conditions to the Exchange Offer have either been satisfied or waived by the Company at or prior to the Expiration Time. In addition, the aggregate Total Consideration or aggregate Exchange Consideration, as applicable, will be reduced by an amount equal to the result of: (x) the aggregate amount of accrued and unpaid interest due on the New Notes to be issued to Eligible Holders from and including the last interest payment date for the Original 2032 Notes (as defined below) to but not including the applicable Settlement Date less (y) the aggregate amount of accrued and unpaid interest due on the Old Notes validly tendered and accepted by us from and including the last interest payment date for such Old Notes to but not including the applicable Settlement Date (the "Old Notes Accrued Interest" and the difference between the New Notes Accrued Interest and the Old Notes Accrued Interest, the "Net Interest Deduction"). No accrued interest will be paid on Old Notes that are tendered and accepted. Concurrently with the Exchange Offer, the Company is soliciting consents from Eligible Holders of the Old Notes with respect to amend the indenture governing the Old Notes to amend the covenant that limits restricted payments in order to permit buybacks, purchases, redemptions, retirements or other acquisitions of AMC Networks Inc.'s equity interests in an aggregate amount not to exceed $50,000,000. The Proposed Amendment is intended to more closely align the types of permitted restricted payments to those in AMC Networks Inc.'s term loan credit agreement, as recently amended. Holders of Old Notes may validly deliver their consents in the Consent Solicitation by tendering Old Notes, in which case the holders will be deemed to have delivered their consents or by delivering their consents without tendering Old Notes. Eligible Holders may not tender Old Notes without delivering their consents. Holders of Old Notes who validly deliver their Consents pursuant to the Consent Only Option will not receive any consideration for delivering such consent. The Company must receive the consents from holders of at least a majority in aggregate principal amount of the then outstanding Old Notes other than the Old Notes beneficially owned by the Company or its affiliates voting as a single class to adopt the Proposed Amendment. Upon receipt of the Requisite Notes Consents, the Company and the guarantors of the Old Notes expect to execute a supplemental indenture to the Old Notes Indenture providing for the Proposed Amendment. The Exchange Offer and Consent Solicitation, including the Company's acceptance of validly tendered Old Notes and payment of the applicable consideration, is conditioned on the satisfaction or waiver of certain conditions, as described in the Offering Memorandum. The Company may terminate, withdraw, amend or extend the Exchange Offer and/or Consent Solicitation in its sole discretion, subject to certain exceptions. Holders delivering their consent pursuant to the Consent Only Option must deliver (and not validly revoke) their consents by 5:00 p.m., New York City time, on March 6, 2026, unless extended. Consents delivered in accordance with the Consent Only Option may be validly revoked at any time at or prior to the time and date on which the Supplemental Indenture is executed and may not be validly revoked at any time after the Consent Time, even if the Consent Only Deadline is later than the Consent Time. The Company expects that the New Notes will be a further issuance of, and will be in addition to, the 10.50% Senior Secured Notes due 2032 that it issued on July 3, 2025 in the aggregate principal amount of $400 million. The New Notes are expected to be fungible with the Original 2032 Notes and trade under the same CUSIP numbers as the Original 2032 Notes (except that New Notes issued pursuant to Regulation S will trade separately under a different CUSIP number until at least 40 days after the closing date and thereafter, subject to the terms of the Indenture and the applicable procedures of the depositary). The New Notes will mature on July 15, 2032. The Company will pay interest at a rate of 10.50% per annum. Interest on the New Notes will accrue from January 15, 2026, the last interest payment date for the Original 2032 Notes and will be payable semi-annually in arrears on January 15 and July 15 of each year to the holders of record at the close of business on July 1 and January 1, whether or not a business day, prior to such interest payment date, provided that interest payable on the maturity date shall be payable to the person to whom principal shall be payable. The first interest payment date is July 15, 2026. The Company's obligations under the New Notes will be jointly and severally guaranteed, on a senior secured basis, by certain of the Company's domestic subsidiaries that guarantee the Company's credit facilities and other material debt, subject to customary exclusions (including certain insignificant subsidiaries, receivables subsidiaries and special-purpose producer subsidiaries). The Exchange Offer is being made, and the New Notes are being offered and issued, only to holders of Old Notes who are reasonably believed to be: (i) "qualified institutional buyers" as defined in Rule 144A under the Securities Act of 1933, as amended (the "Securities Act") or (ii) not U.S. persons (as defined in Regulation S under the Securities Act) or purchasing for the account or benefit of U.S. persons, other than a distributor, and are purchasing the New Notes in an offshore transaction in accordance with Regulation S. The holders of Old Notes who are eligible to participate in the Exchange Offer pursuant to the foregoing conditions are referred to as "Eligible Holders." Only Eligible Holders are authorized to receive or review the Offering Memorandum or to participate in the Exchange Offer and Consent Solicitation. J.P. Morgan Securities LLC will act as lead dealer manager and solicitation agent and Citigroup Global Markets Inc., Fifth Third Securities, Inc., Morgan Stanley & Co. LLC, Truist Securities, Inc. and U.S. Bancorp Investments, Inc. will act as co-dealer managers and solicitation agents. The Offering Memorandum will be distributed only to holders of Old Notes that complete and return a letter of eligibility confirming that they are Eligible Holders. Copies of the eligibility letter are available to holders through the information and exchange agent for the Exchange Offer and Consent Solicitation, D.F. King & Co. Inc., at (800) 967-7510 (U.S. toll-free) or (646) 989-1649 (Banks and Brokers) or amcx@dfking.com. The Exchange Offer and Consent Solicitation is made only by, and pursuant to the terms of, the Offering Memorandum, and the information in this news release is qualified by reference thereto. The New Notes have not been and will not be registered under the Securities Act or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. Accordingly, the New Notes are being offered for exchange only to persons reasonably believed to be: (i) "qualified institutional buyers" (as defined in Rule 144A under the Securities Act) or (ii) not U.S. persons (as defined in Regulation S under the Securities Act) or purchasing for the account or benefit of U.S. persons, other than a distributor, and are purchasing the New Notes in an offshore transaction in accordance with Regulation S. About AMC Networks AMC Networks (Nasdaq: AMCX) is home to many of the greatest stories and characters in TV and film and the premier destination for passionate and engaged fan communities around the world. The Company creates and curates celebrated series and films across distinct brands and makes them available to audiences everywhere. Its portfolio includes targeted streaming services AMC+, Acorn TV, Shudder, Sundance Now, ALLBLK, HIDIVE and All Reality; cable networks AMC, BBC AMERICA (which includes U.S. distribution and sales responsibilities for BBC News), IFC, SundanceTV and We TV; and film distribution labels Independent Film Company and RLJE Films. The Company also operates AMC Studios, its in-house studio, production and distribution operation behind acclaimed and fan-favorite original franchises including The Walking Dead Universe and the Anne Rice Immortal Universe; and AMC Networks International, its international programming business. AMERICAN SIGNATURE: Value City Owes Customers $57MM --------------------------------------------------- Value City Furniture customers have filed more than $57 million in claims in the Chapter 11 proceedings of parent company American Signature Inc., asserting they paid for furniture that was never delivered before stores shut down. The claims, representing over 36,000 consumers nationwide, came to light during a Delaware court hearing approving the company's sale to ASI Purchaser LLC. The reported total had already crossed $57 million as of early February and continues to grow. The losses largely involve deposits and prepaid orders placed shortly before liquidation sales and store closures accelerated. Customers seeking refunds must now navigate the bankruptcy claims process to pursue recovery, according to report. Consumer creditors are generally classified as unsecured in Chapter 11 cases, meaning repayment depends on the availability of remaining assets after higher-priority debts are satisfied. With the chain's liquidation underway, the recovery outlook remains uncertain, the report states. About American Signature Inc. American Signature Inc., together with its subsidiaries, is a residential furniture company operating across its Value City Furniture and American Signature Furniture brands and serving as a furniture destination consumers can rely on for style, quality, and value. Headquartered in Columbus, Ohio, the Company operates more than 120 stores across 17 states, with the largest concentrations in Ohio (20), Michigan (16), and Illinois (11). The Company employs approximately 3,000 team members. American Signature and eight of its affiliates sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del., Lead Case No. 25-12105 (JKS) on November 22, 2025. In their petition, the Debtors estimated assets of $100 million to $500 million and estimated liabilities of $500 million to $1 billion. The petitions were signed by Rudy Morando as chief restructuring officer. Judge J. Kate Stickles presides over the cases. David M. Bertenthal, Maxim B. Litvak, and Laura Davis Jones at Pachulski Stang Ziehl & Jones LLP, represent the Debtors as legal counsel. Berkeley Research Group, LLC serves as restructuring advisor to the Debtors, SSG Capital Advisors LLC serves as investment banker, and Kurtzman Carson Consultants LLC dba Verbita Global is claims and noticing agent to the Debtors. AMERICAN UNION: Hires Turner Legal Group as Bankruptcy Counsel -------------------------------------------------------------- American Union Ventures, Inc. seeks approval from the U.S. Bankruptcy Court for the District of Nebraska to hire Turner Legal Group, LLC as counsel. The firm will provide these services: a. performing all necessary services as Debtor's bankruptcy counsel, including, without limitation, providing Debtor with advice, representing Debtor, and preparing necessary documents on behalf of Debtor in the areas of restructuring and bankruptcy; b. advising Debtor with respect to its powers and duties as debtor-in-possession in the continued management and operation of its businesses and properties; c. attending meetings and negotiating with creditors and other parties in interest; d. taking all necessary action to protect and preserve Debtor's assets, including the prosecution of actions on behalf of Debtor's estate, the defense of any actions commenced against Debtor's estate, negotiations concerning litigation in which Debtor may be involved, and objections to claims filed against Debtor's estate; e. preparing, or coordinating preparation of motions, applications, answers, orders, reports, papers and other pleadings necessary to administer Debtor's estate; f. taking any necessary action on behalf of Debtor to obtain approval of a disclosure statement and confirmation of a plan of reorganization on behalf of Debtor; g. representing Debtor in connection with any potential post-petition financing; h. appearing before this Court, appellate courts and any other courts to protect the interests of Debtor and its estate; and i. performing any and all other necessary legal services in connection with Debtor's case and reorganization as requested by Debtor. The firm will be paid at the rate of $175 to $350 per hour. The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. The firm received from the Debtor a retainer in the amount of $24,238. Patrick R. Turner, Esq., a partner of Turner Legal Group, LLC, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: Patrick R. Turner, Esq. Turner Legal Group, LLC 9375 Burt Street, #100 Omaha, NE 68114 Tel: (402) 690-3675 Email: pturner@turnerlegalomaha.com About American Union Ventures Inc. American Union Ventures Inc., operating under the trade names American Recycling and American Metal Recycling, provides certified electronic waste recycling services in the United States, handling a broad range of devices including computers, monitors, servers, printers, and other electronics. The company offers secure asset disposal, pick-up services, and community recycling events, emphasizing environmentally responsible and transparent processing. It also refurbishes and resells electronics, extending device lifecycles through its online retail platforms. American Union Ventures filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. D. Neb. Case No. 26-40121) on February 4, 2026, listing assets of between $500,001 and $1 million and liabilities of between $1 million and $10 million. Judge Brian S. Kruse presides over the case. Patrick Raymond Turner, Esq., at Turner Legal Group, LLC represents the Debtor as legal counsel. AMI ENTERPRISES: Trustee Taps Anthony Michael as Design Officer --------------------------------------------------------------- Janice H. Seyedin, the Trustee for AMI Enterprises, LLC seeks approval from the U.S. Bankruptcy Court for the Northern District of Illinois to employ Anthony Michael, Debtor's sole member, as chief design officer. Mr. Michael has agreed to perform the duties customarily associated with a Chief Design Officer role, and as assigned by the Subchapter V Trustee, consistent with his position, including leading sales, design, and installation efforts. Mr. Michael will receive compensation as follows: (a) Base Salary. $70,000 per year, payable in accordance with the Debtor's normal payroll practices, subject to applicable withholdings. (b) Additional Amounts. The Debtor shall deliver $3,225 per month to Ovadia Shebath for Mr. Michael's lease of the premises at 100 Huron #2701, Chicago, Illinois 60611. The Debtor shall also deliver $360 per month to The Fordham Self Park Garage for parking. The Debtor shall account for these sums as W-2 income. Because the Debtor shall deliver these funds directly to third parties, Mr. Michael shall be responsible for all withholding taxes. (c) Benefits. Mr. Michael is eligible to participate in the Debtor's health insurance plan and other fringe benefits offered to similarly situated executives, subject to plan terms. (d) Expense Reimbursement. The Debtor shall reimburse Mr. Michael's reasonable, documented business expenses in accordance with the Debtor's policy. Mr. Michael disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. About AMI Enterprises, LLC AMI Enterprises, LLC filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. N.D. Ill. Case No. 25-18803) on December 8, 2025, with up to $50,000 in assets and liabilities. Judge David D. Cleary presides over the case. Gregory J. Jordan, Esq., at Jordan & Zito, LLC represents the Debtor as legal counsel. ANTELOPE HOSPITALITY: Taps NAI Horizon as Real Estate Broker ------------------------------------------------------------ Antelope Hospitality LLC seeks approval from the U.S. Bankruptcy Court for the District of Arizona to employ Brokers Commercial, LLC, dba NAI Excel and Horizon Real Estate Group, Inc., dba NAI Horizon as real estate listing broker. The firm will market and sell Debtor's real property known as the Scenic View Inn - Lake Powell, located at 287 N Lake Powel Blvd Page, AZ 86040. NAI Horizon will receive a commission at the percentage rate of 4 percent of the final sale price for the property. NAI Horizon is a "disinterested person" within the meaning of 11 U.S.C. 101(14), according to court filings. The firm can be reached through: Gregg McArthur NAI Horizon Realty, LLC 243 E. St George Blvd Suite 200 St. George, Utah Telephone: (435) 628-1609 Email: greggm@naiexcel.com About Antelope Hospitality Antelope Hospitality LLC, doing business as Scenic View Inn, operates a full-service hotel in Page, Arizona. The hotel is positioned near major Northern Arizona attractions including Antelope Canyon, Horseshoe Bend, Glen Canyon National Recreation Area, Lake Powell, and local dining and shopping options, serving as a base for tourists, photographers, and adventurers. Antelope Hospitality filed for relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Ariz. Case No. 25-12347) on December 22, 2025, listing up to $10 million in estimated assets and up to $50 million in estimated liabilities. Honorable Bankruptcy Judge Paul Sala handles the case. The Debtor is represented by Bradley D. Pack, Esq., at Engelman Berger, PC. APPLIANCE PRO: U.S. Trustee Unable to Appoint Committee ------------------------------------------------------- The U.S. Trustee for Region 4 disclosed in a court filing that no official committee of unsecured creditors has been appointed in the Chapter 11 case of Appliance Pro, LLC. About Appliance Pro LLC Appliance Pro, LLC filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. D.S.C. Case No. 26-00132) on January 12, 2026, with $50,001 to $100,000 in assets and $500,001 to $1 million in liabilities. Judge Elisabetta Gm Gasparini presides over the case. William Harrison Penn, Esq., at Penn Law Firm, LLC represents the Debtor as bankruptcy counsel. AQUA RESOLUTION: Taps David P. Leibowitz as Bankruptcy Counsel -------------------------------------------------------------- Aqua Resolution, LLC seeks approval from the U.S. Bankruptcy Court for the Northern District of Illinois to hire The Law Offices of David P. Leibowitz, LLC as its counsel. The Debtor requires legal counsel to: a. advise the Debtor with respect to its powers and duties in the continued management and operation of its business and properties; b. attend meetings with, and negotiate with, respective creditors and other parties involved in the Debtor's Chapter 11 case; c. advise and consult on the conduct of the case, including all the legal and administrative requirements of operating in a Chapter 11 case; d. advise the Debtor in connection with real estate and mortgage-related issues; e. advise the Debtor in connection with post-petition financing arrangements and negotiate and draft documents relating thereto; f. provide advice to the Debtor with respect to legal issues arising in or relating to its ordinary course of business; g. take all necessary actions to protect and preserve the Debtor's estate; h. prepare legal papers; i. prepare a plan of reorganization or liquidation and all related agreements or documents, and take any necessary action on behalf of the Debtor to obtain confirmation of such plan; j. attend meetings with third parties and participate in negotiations; k. appear before the bankruptcy court or other courts and the Office of the U.S. Trustee; and l. perform other necessary services. The firm will be paid at these rates: David Leibowitz, Esq. $800 per hour Linda Green, Esq. $550 per hour Paralegals $150 per hour In addition, the firm will seek reimbursement for work-related expenses incurred. The Debtor paid the firm an initial retainer of $11,738. As disclosed in court filings, the firm and its attorneys are "disinterested" pursuant to Section 101(14) of the Bankruptcy Code. The firm can be reached at: David P. Leibowitz, Esq. Law Offices of David P. Leibowitz, LLC 3478 N. Broadway, Unit 234 Chicago, IL 60657-6968 Phone: (312) 662-5750 Email: dleibowitz@lakelaw.com About Aqua Resolution LLC Aqua Resolution, LLC, doing business as RainSoft of Chicago, provides water treatment and filtration systems and related services, operating as an independent RainSoft dealership in Lombard, Illinois, serving residential and commercial customers. Aqua Resolution filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. N.D. Ill. Case No. 26-00804) on January 17, 2026, with $100,000 to $500,000 in assets and $1 million to $10 million in liabilities. Thomas J Norton, managing member, signed the petition. Judge Michael B. Slade presides over the case. David P. Leibowitz, Esq., at the Law Offices of David P. Leibowitz, LLC represents the Debtor as bankruptcy counsel. ARC PROPERTY: Claims to be Paid from Continued Business Operations ------------------------------------------------------------------ ARC Property Management Group LLC filed with the U.S. Bankruptcy Court for the Northern District of Texas a Disclosure Statement for Plan of Reorganization dated February 11, 2026. The Debtor is a Texas limited liability company which owns and operates the Property. The Debtor's sole source of revenue is the rental income it receives from Hardware Main Street Hardware Ennis, LLC ("Hardware Store"), an affiliate owned by Debtor's principal, Jeremy French. Under the terms of the Plan, the Hardware Store will make rent payments of $9,643.00 per month plus all amounts due and owing for property taxes and insurance relative to its use of the Property. This rental income will be the source for funding this Plan. Jeremy French is the managing member of the Debtor. After the Effective Date of the order confirming the Plan Jeremy French will continue as the managing member. The primary cause of this bankruptcy filing was the posting for foreclosure sale by Colony of the Property. The Plan provides for a distribution to Creditors in accordance with the terms of the Plan from the Debtor over the course of five years from the Debtor's continued business operations. The Debtor does not believe there are any holders of an allowed unsecured claim. Class 4 equity interest holders shall retain all equity interests in the Reorganized Debtor. The primary source of payments under this Plan will be any recovery received by the Reorganized Debtor from the Consolidated Action. The Reorganized Debtor shall proceed with litigating its claims in the Consolidated Action until there is a Final Judgment. If the Final Judgment in the Consolidated Action does not result in an award favorable to the Reorganized Debtor, the Reorganized Debtor shall file a notice with the Court converting the Case to one under chapter 7 of the Bankruptcy Code. It should be noted there is the possibility of additional revenue stemming from a resolution of the dispute with American Tower. However, that revenue stream is speculative and still dependent upon the Debtor's success in the Consolidated Action. Should the Debtor receive any revenue related to the American Tower issue, the Debtor will devote 75% of that revenue to the Plan. A full-text copy of the Disclosure Statement dated February 11, 2026 is available at https://urlcurt.com/u?l=8T3DYt from PacerMonitor.com at no charge. Counsel to the Debtor: Robert T. DeMarco, Esq. Michael S. Mitchell, Esq. Demarco Mitchell, PLLC 12770 Coit Road, Suite 850 Dallas, TX 75251 Tel: (972) 991-5591 Email: robert@demarcomitchell.com mike@demarcomitchell.com About ARC Property Management Group ARC Property Management Group LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Tex. Case No. 25-43265) on August 29, 2025. In its petition, the Debtor reports estimated assets between $1 million and $10 million and estimated liabilities between $500,000 and $1 million. The Debtor is represented by Robert T. DeMarco, at DEMARCO MITCHELL, PLLC. ARCHBLOCK LLC: Hires Stretto Inc as Claims and Noticing Agent ------------------------------------------------------------- Archblock LLC seeks approval from the U.S. Bankruptcy Court for the District of Delaware to hire Stretto Inc. as claims, noticing, and balloting agent. Stretto will oversee the distribution of notices and will assist in the maintenance, processing, and docketing of proofs of claim filed in the Chapter 11 cases of the Debtors. Prior to the petition date, the Debtors provided Stretto an advance in the amount of $20,000. Sheryl Betance, a senior managing director at Stretto, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Sheryl Betance Stretto, Inc. 410 Exchange Irvine, CA 92602 Telephone: (800) 634-7734 About Archblock LLC Archblock LLC is a financial technology company operating in the blockchain and digital asset space. The company develops and manages blockchain-based financial products and infrastructure designed to support digital currency and related financial services. Archblock LLC and its affiliates sought relief under Chapter 11 of the U.S. Bankruptcy Coode (Bankr. D. Del. Case No. 26-10152) on February 6, 2026. In its petition, the Debtor reported estimated assets between $1 million and $10 million and estimated liabilities between $100 million and $500 million. The Honorable Craig T Goldblatt presides over the cases. The Debtors are represented by Chipman Brown Cicero & Cole, LLP and Wollmuth Maher & Deutsch LLP. ARM VENTURES: Seeks to Hire DGIM Law PLLC as Bankruptcy Counsel --------------------------------------------------------------- Arm Ventures LLC seeks approval from the U.S. Bankruptcy Court for the Southern District of Florida to hire DGIM Law, PLLC as its counsel. The firm will provide these services: a. advise the Debtor generally regarding matters of bankruptcy law in connection with this Case; b. advise the Debtor of the requirements of the Bankruptcy Code, the Federal Rules of Bankruptcy Procedure, applicable bankruptcy rules, including local rules, pertaining to the administration of the Case and U.S. Trustee Guidelines related to the daily operation of its business and administration of this estate; c. prepare motions, applications, answers, proposed orders, reports and any other papers necessary in connection with the administration of the estate; d. negotiate with creditors, prepare and seek confirmation of a plan of reorganization and related documents, and assist the Debtor with implementation of any plan; e. review executory contracts and unexpired leases; f. negotiate and document any debtor-in-possession financing and exit financing; and g. render such other advice and services as the Debtor may require in this Case. The firm will be paid at these rates: Partners $605 to $645 per hour Paralegals $215 to $260 per hour A general retainer, in the amount of $35,000 was paid by Michael Rosenbaum on Feb. 6, 2026. A monthly retainer of $10,000 per month starting on March 1, 2026, is to be paid and held in DGIM's Trust Account. The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. Daniel Y. Gielchinsky, a partner at DGIM Law, PLLC, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: Daniel Y. Gielchinsky, Esq. DGIM Law, PLLC 2875 NE 191st Street, Suite 705 Aventura, FL 33180-2834 Tel: (305) 763-8708 Email: dan@dgimlaw.com About Arm Ventures LLC Arm Ventures LLC sought protection under Chapter 11 of the Bankruptcy Code (Bankr. S.D. Fla. Case No. 25-22944-LMI) on October 31, 2025. The Debtor previously filed a Chapter 11 petition (Bankr. S.D. Fla. Case No. 16-23633) on October 4, 2016. This bankruptcy case was closed on May 15, 2017. At the time of the recent filing, Debtor had estimated assets of between $1,000,001 to $10 million and liabilities of between $1,000,001 to $10 million. Judge Laurel M. Isicoff (LMI) oversees the case. Joel M. Aresty, P.A. is Debtor's legal counsel. ASHLAND INC: S&P Downgrades ICR to 'BB', Outlook Stable ------------------------------------------------------- S&P Global Ratings downgraded Ashland Inc. and its subsidiary Hercules LLC to 'BB' from 'BB+'. S&P also lowered all its issue-level ratings to 'BB' from 'BB+', including on the unsecured notes issued by Ashland Inc., unsecured Euro notes issued by Ashland Services B.V., and subordinated debentures issued by Hercules LLC. S&P revised its unsecured recovery ratings on Ashland Inc.'s notes to '4' from '3', while the unsecured recovery ratings on the remaining instruments are unchanged at '3'. The stable outlook reflects S&P's belief that credit metrics will remain appropriate for the rating and liquidity will remain adequate over the next 12 months. S&P said, "We lowered our view of Ashland Inc.'s business risk, reflecting its significantly lower scale and operating footprint on the back of multiple divestitures and shedding of lower-margin businesses over several years. We believe it has limited size and market presence, albeit leadership positions in certain niches, across the wider chemicals sector compared with more diversified players." Earnings pressure in fiscal 2025 (ended September 2025) also resulted in weaker-than-expected credit metrics. Ashland's business has scaled down significantly over the years. Over the past decade, Ashland has intentionally shrunk its size to focus more on higher-value-per-pound chemistries and more specialized businesses. It materially reduced its scale by divesting multiple large and small businesses such as Valvoline Inc. in 2017, its Performance Adhesives business in 2021, and the phased sale of assets from the previously acquired Pharmachem Laboratories business that is now complete with the sale of Avoca in 2025. The company has shifted focus toward its life sciences, personal care, and specialty additives segments, within which it has also exited certain low margin businesses, in line with its portfolio optimization strategy. As a result, the company's consolidated revenue and S&P Global Ratings-adjusted EBITDA have both decreased significantly. Its revenue dropped to about $1.8 billion in fiscal 2025 from about $5 billion in 2016, and EBITDA dropped to $407 million from about $855 million. S&P's downward revision in the business risk profile for Ashland reflects its reduced scale and manufacturing footprint and a more niche positioning than before within the broader chemicals sector compared with more diversified players. While Ashland's business focus has narrowed with its portfolio optimization, it has also reduced its exposure to more commoditized and volatile businesses and generates a higher portion of its revenues from higher-margin and consumer-facing end markets. Its EBITDA margins remain above average, supported by this strategic shift and continued cost restructuring actions across the business. S&P notes that the reduction in earnings from its major divestitures, such as those of Valvoline and the composites business, also led to deleveraging which was reflected in improved credit metrics at the time. S&P said, "Ashland's operating performance was below our expectations for fiscal 2025, and we expect recovery to remain hindered by persistent adverse sector and macroeconomic conditions. In fiscal 2025, the company continued to exit lower-margin businesses and rationalize its portfolio, which decreased its revenues, earnings, and operating scale. Organic volumes (adjusted for divestitures) were mixed overall, with relative stability in life sciences and personal care segments." On the other hand, the specialty additives segment underperformed due to global demand conditions, including notable softness in Chinese and North American building and construction markets. However, Ashland derives a large portion of its earnings from the relatively stable personal care and pharmaceutical end markets, compared with more cyclical industrial end markets, which offers some buffer during challenging macroeconomic conditions. S&P said, "We expect fiscal 2026 earnings to be hindered by certain operational and weather-related outages in the first half of the fiscal year leading to additional costs and weaker absorption, which we expect would improve later in the year. While there is resilience in life sciences and personal care earnings, we expect its specialty additives and intermediates businesses will continue to weigh on results. We expect any recovery in its coatings business, which accounts for a majority of the specialty additives segment, will be hindered until the building and construction markets improve particularly in China. "While the broader market outlook remains uncertain, we expect Ashland's continued cost savings initiatives and its strategy of expanding high margin businesses to minimize the earnings impact this year and going forward. As a result, we forecast its EBITDA margins will remain above 20% and improve gradually to about 25% by 2028. "Credit metrics weakened in fiscal 2025 but will remain appropriate for the rating over the next 12 months. Ashland's funds from operations (FFO) to debt dropped to about 21% in fiscal 2025 from 25% the prior year, and we expect it to be around 20% this year with continued earnings pressure. We expect the company to continue to prioritize majority of its free operating cash flow for shareholder returns, including dividends and share buybacks--the size of which could result in potential continuation of negative discretionary cash flow in coming years. "We note the company scaled down on share repurchase activity in fiscal 2025, employing a disciplined capital allocation amid weaker operating conditions. Our base-case forecast includes a continued modest annual dividend increase, and share repurchases to drop this year from 2025 levels, followed by step-ups going forward. While we believe there is potential for shareholder returns to be higher than our forecast levels, we believe there is some cushion at the current rating and financial policies will support leverage metrics. We believe Ashland's liquidity will remain adequate over the next 12 months. Its revolving credit facility matures in July 2027 and we expect the company will proactively refinance or amend the maturity before it becomes current this year. "The stable outlook reflects our expectation that credit measures will remain appropriate for the current rating over the next 12 months. We expect EBITDA and credit measures to slightly weaken in 2026 due to continued demand pressures in industrial end markets, before strengthening in 2027 and beyond. We expect Ashland's weighted-average FFO to debt to be around 20%. Our base case assumes modest dividend increases, a reduction in share repurchases in fiscal 2026 from the fiscal 2025 level, and no debt-funded acquisitions." S&P could take a negative rating action on Ashland over the next 12 months if its weighted-average FFO to debt drops to the weaker end of the 12%-20% range on a sustained basis with no prospects for recovery. This could occur if: -- Ashland's earnings decline on the back of further weakness in demand for the specialty additives segment; -- Its life sciences or personal care segments underperform; -- It cannot realize targeted cost savings; or -- Free cash flows after dividends and share repurchases are persistently negative, resulting in higher outstanding debt. S&P could also downgrade the rating if the revolver becomes current stressing liquidity or increasing refinancing risk, or the company pursues large debt-funded acquisitions or an activist investor's presence leads to similar actions that might weaken credit measures. S&P could take a positive rating action on Ashland over the next 12 months if: -- End-market fundamentals, particularly in specialty additives and intermediates segments, improve meaningfully; -- There is stronger-than-expected growth in life sciences and personal care segments; -- Its market share improves; or -- EBITDA margins improve more than anticipated on execution of cost-savings initiatives, resulting in weighted-average FFO to debt in the higher end of the 20%-30% range on a sustained basis. ASSIS & PASSION: L. Todd Budgen Named Subchapter V Trustee ---------------------------------------------------------- The Acting U.S. Trustee for Region 21 appointed L. Todd Budgen, Esq., a practicing attorney in Longwood, Fla., as Subchapter V trustee for The Assis & Passion Trading 01, LLC. Mr. Budgen will be paid an hourly fee of $400 for his services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Mr. Budgen declared that he is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: L. Todd Budgen, Esq. P.O. Box 520546 Longwood, FL 32752 Tel: (407) 232-9118 Email: Todd@C11Trustee.com About The Assis & Passion Trading 01 The Assis & Passion Trading 01, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Fla. Case No. 26-01068) on February 18, 2026, with between $500,001 and $1 million in both assets and liabilities. Judge Grace E. Robson presides over the case. The Debtor is represented by: Matthew Sherman, Esq. Tax Workout Group, P.A. 150 East Palmetto Park Road, Suite 800 Boca Raton, Florida 33432 Phone: (561) 861-0920 msherman@taxworkoutgroup.com AXIP ENERGY: Files Chap. 11 in S.D. Tex. for Value-Maximizing Sale ------------------------------------------------------------------ Axip Energy Services, LP and certain of its affiliates, leading providers of natural gas compression services, announced on February 22, 2026, that they have filed voluntary petitions for Chapter 11 relief in the United States Bankruptcy Court for the Southern District of Texas to facilitate a sale process for the Company's assets and business operations. The Company intends to continue operating its business in the ordinary course throughout the Chapter 11 sale process. To anchor the sale process, Axip has entered into an Asset Purchase Agreement with Service Compression, LLC, a leading provider of natural gas compression services, for the sale of substantially all of the Company's assets. The Stalking Horse APA establishes a strong baseline offer and is intended to help maximize value for all stakeholders through the Chapter 11 sale process. The Stalking Horse APA also provides certainty to Axip's employees, customers, and vendors of continuity of the Company's operations through and following the Chapter 11 process. To support ongoing operations and continuity for Axip's employees, customers, and vendors, Axip has secured a commitment for approximately $104.8 million in debtor-in-possession financing, including approximately $25.5 million in new money financing from certain of its prepetition lenders. Subject to Court approval, the DIP financing is expected to provide sufficient liquidity for the Company to operate in the ordinary course and meet its day-to-day obligations throughout the Chapter 11 process. "This marks a strategic step to position Axip for long-term success under new ownership," said Ben Chesters, Chief Restructuring Officer. "Throughout this process, Axip remains committed to maintaining continuity for our employees, customers, and vendors and focused on delivering safe, reliable service in the field. We are confident this sale process will build on the Company's foundation of safety, efficiency, and quality service." Axip is seeking relief through a number of customary "first day" motions filed with the Court to facilitate a smooth transition into Chapter 11 and support operations in the ordinary course. These motions, which Axip expects to be approved in short order, include requests to make payments to vendors, provide critical services to its customers, and continue employee payroll and benefits. Additional information about Axip's Chapter 11 process is available through the Company's claims agent, Epiq, at https://dm.epiq11.com/AXIP. Stakeholders with questions can contact Epiq by calling (877) 741-6428 (U.S./Canada) or +1 (503) 713-6160 (International) or emailing AXIP@epiqglobal.com. About Service Compression Service Compression, LLC is a leading provider of natural gas compression services for exploration and production companies at the wellhead. Since its founding in 2004, the Company has built a reputation for reliability, innovation, and proactive partnerships. Headquartered in Fort Worth, Texas, with field offices in Texas, New Mexico, Oklahoma, and Arkansas, SC specializes in providing technology-fueled compression solutions to meet the needs of blue-chip customers in the upstream oil and gas sector. For more information, visit www.servicecompression.com. About Axip Axip provides natural gas compression services to upstream and midstream customers in all major producing basins in the United States and offshore Gulf of Mexico. Axip's compression fleet of over 500,000 horsepower comprises both electric and natural gas-driven units ranging from 100 -- 2,500 HP. Axip leverages its long-standing industry leadership in remote monitoring, automation, and electric drive compression to optimize compressor performance and facility throughput while minimizing the risk and carbon intensity of oil and gas production. Axip is committed to delivering the highest standards in safety, service, and reliability to its customers. More information is available at www.axip.com. Vinson & Elkins LLP is serving as legal advisor, Ankura Consulting Group LLC is serving as the restructuring advisor, Evercore is serving as investment banker, and C Street Advisory Group is serving as strategic communications advisor to the Company. Willkie Farr & Gallagher LLP is serving as legal advisor and Moelis & Company is serving as investment banker to Service Compression. AXIP ENERGY: Seeks Chapter 11 Bankruptcy in Texas ------------------------------------------------- Rick Archer of Law360 reports that Axip Energy Services, a provider of natural gas compression equipment, has sought Chapter 11 protection in Texas, outlining plans to sell its assets to reduce roughly $240.5 million in funded indebtedness. According to court papers, the company has lined up a potential buyer and plans to run a competitive sale process under bankruptcy court supervision to test the offer and secure the highest or otherwise best bid. The debtor said the filing will stabilize its business as it works through capital structure challenges and positions its assets for a going-concern transaction. Axip is requesting approval of interim financing and other first-day motions to ensure uninterrupted operations while the sale process unfolds, the report states. About Axip Energy LP Axip Energy Services, LP provides natural gas compression equipment, rental, and field services to optimize hydrocarbon production, processing, and ransportation for the oil and gas industry.[BN] Axip Energy sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Case No. 26-90338) on February 22, 2026. In its petition, the Debtor reports estimated assets and liabilities between $100 million and $500 million each. Honorable Bankruptcy Judge Christopher M. Lopez The Debtor is represented by Paul E. Heath, Esq. of Vinson & Elkins B&BC ESTATES: Commences Chapter 11 Bankruptcy in New Jersey ----------------------------------------------------------- On February 19, 2026, B&BC Estates LLC filed for Chapter 11 protection in the U.S. Bankruptcy Court for the District of New Jersey. According to court filings, the Debtor reports between $1 million and $10 million in debt owed to 1–49 creditors. About B&BC Estates LLC B&BC Estates LLC is a real estate holding company engaged in property ownership and management activities. B&BC Estates LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-11838) on February 19, 2026. In its petition, the Debtor reports estimated assets between $100,001 and $1,000,000 and estimated liabilities between $1 million and $10 million. The Debtor is represented by Leonard S. Singer, Esq., of Zazella & Singer, Esqs. BAER & ASSOCIATES: Taps Wiesner & Frackowiak as Bankruptcy Counsel ------------------------------------------------------------------ Baer & Associates, Inc. seeks approval from the U.S. Bankruptcy Court for the District of Kansas to hire Wiesner & Frackowiak, LC as counsel. The counsel will advise Debtor with respect to its powers and duties in the Chapter 11; attend meetings and negotiate with representatives of creditors, the Trustee, and other parties in interest; prepare motions, applications, objections, orders, reports, and other pleadings necessary for the administration of the estate; prepare a plan of reorganization and take steps necessary toward the confirmation of that plan; and appear before the Court on any required hearings. The hourly fees of the firm are $420 per hour for Patrick Wiesner and $295 per hour for Gary Mardian. The counsel received a retainer of $13,800 prior to case filing. Wiesner & Frackowiak, LC is a disinterested person within the meaning of Sections 327, 330, and 101(14) of the Bankruptcy Code, according to court filings. The firm can be reached through: Gary Mardian, Esq. Wiesner & Frackowiak, LC 6750 West 93rd Street, Ste. 220 Overland Park, KS 66212 Tel: (913) 381-7654 Fax: (913) 383-3948 Email: garym@wflaw.net About Baer & Associates, Inc. Baer & Associates, Inc. is a Kansas-based corporation. Baer & Associates, Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-20151) on February 4, 2026. In its petition, the Debtor reports estimated assets in the range of $100,001 to $1,000,000 and estimated liabilities between $1 million and $10 million. Honorable Dale L. Somers, Chief U.S. Bankruptcy Judge, handles the case. The Debtor is represented by Gary Mardian, Esq., of Wiesner & Frackowiak, L.C. BAYTEX ENERGY: Fitch Affirms 'B+' IDR & Then Withdraws Rating ------------------------------------------------------------- Fitch Ratings has affirmed Baytex Energy Corp.'s (Baytex) 'B+' Long-Term Issuer Default Rating (IDR) and 'BB-' senior unsecured notes rating with a Recovery Rating of 'RR3'. The Rating Outlook is Stable. The rating reflects Baytex's operational scale, geographical diversification, and exposure to light-heavy oil price differentials after the sale of its U.S. assets in December 2025. Baytex repaid almost all its debt, which brought its midcycle EBITDA leverage to 0.2x. Immaterial interest payments post-debt reduction will support the company's FCF. A conservative financial profile helps offset Baytex's weaker business profile after the divestment. Fitch has subsequently withdrawn all of Baytex's ratings because only a de minimis amount of its debt is outstanding. Key Rating Drivers Divestiture Substantially Reduces Scale: Fitch believes Baytex's divestiture of its liquids-rich Eagle Ford assets in December 2025 weakens its business profile through lower operating scale. Fitch expects the company's production to decline by about 55% to below 70 thousand barrels of oil equivalent per day (kboe/d) from around 150 kboe/d in 3Q25. Baytex's netbacks before interest may deteriorate slightly, and its EBITDA and FCF scale are expected to be materially weaker due to lower production volumes. Baytex will benefit from lower interest payments given that it repaid almost all its debt. Higher Costs, Lower Royalties: Fitch expects Baytex's Canadian netbacks to be lower than netbacks generated by its U.S. assets. Its Canadian netbacks would be supported by lower royalties than in the Eagle Ford but would be offset with higher crude differentials and operating costs, as well as increasing average administrative expenses. Fitch assumes Baytex's future maintenance capex is around CAD450 million, but the company will have elevated investment levels over the next few years. Fitch believes Baytex can reduce capex in a downside scenario. Material Debt Reduction: Fitch expects Baytex's midcycle EBITDA leverage to remain approximately 0.2x unless Baytex pursues significant M&A transactions. Fitch assumes that excess cash after debt repayment may be allocated to dividends, share repurchases, and bolt-on acquisitions. Flat Production, Lower Reserve Life: Fitch expects Baytex to maintain production slightly below 70 kboe/d, based on its oil price assumptions. In 3Q25, its Canadian production was 65 kboe/d, with 84% oil. The company's proved reserve life decreased to six years at YE 2025, down from seven years at YE 2024. Heavy Oil Focus, Limited Diversification: Baytex's exit from the U.S. would substantially limit its asset base diversification in terms of geography and hydrocarbon type. The company will focus solely on Canada, with heavy oil operations at Peavine, Peace River and Lloydminster, and light oil operations at Pembina Duvernay and Viking. The oil mix is expected to rise to about 84%, with heavy oil corresponding to 65%. The company is expected to be more exposed to heavy crude oil differentials than before which may add cash flow volatility. Decreased Long-Term Hedging Strategy: Baytex hedged more than 30% of its oil exposure before royalties in 2025, helping provide additional cash flow visibility. The company's oil production was hedged around 50% in 1Q26 with a USD60/barrel (bbl) West Texas Intermediate (WTI) floor. The company expects to require less hedges after the U.S. divestiture given its lower net leverage. Baytex has no immediate plans to remove existing hedges. Fitch believes the company to be less hedged moving forward. Peer Analysis Not applicable Fitch’s Key Rating-Case Assumptions - WTI oil price of USD58/bbl in 2026-2027 and USD57/bbl in 2028 and at midcycle. - Henry Hub natural gas price of USD3.50 per thousand cubic feet (mcf) in 2026, USD 3.0/mcf in 2027, and USD2.75/mcf in 2028 and at midcycle. - Production of around 70 kboe/d in 2026-2029. - Capex of around CAD550 million-CAD600 million per year in 2026 decreasing to CAD450 million in 2029. Corporate Rating Tool Inputs and Scores Fitch scored the issuer as follows, using its Corporate Rating Tool (CRT) to produce the Standalone Credit Profile (SCP): - Business and financial profile factors (assessment, relative importance): Management (bbb, Lower), Sector Characteristics (bb+, Lower), Market and Competitive Positioning (b+, Higher), Diversification and Asset Quality (bb-, Moderate), Company Operational Characteristics (b-, Moderate), Profitability (b, Higher), Financial Structure (aa+, Lower), and Financial Flexibility (bb-, Moderate). - The quantitative financial subfactors are based on custom CRT financial period parameters: 10% weight for the historical year 2023, 10% for the forecast year 2024, 10% for the forecast year 2025, 15% for the forecast year 2026 and 55% for the forecast year 2027. - B+ to CC considerations apply in its analysis and result in no adjustment. - The Governance assessment of 'Good' results in no adjustment. - The Operating Environment assessment of 'a+' results in no adjustment. - The SCP is 'b+'. Recovery Analysis The recovery analysis assumes that Baytex would be reorganized as a going concern (GC) in bankruptcy rather than liquidated. Fitch has assumed a 10% administrative claim. Going-Concern Approach Baytex's GC EBITDA assumption takes into account Fitch's projections using a stress-case price deck. This assumes WTI oil prices at USD42/bbl in 2026-2027 and USD45/bbl thereafter, and Henry Hub natural gas prices at USD2.50 per mcf in 2026 and USD2.25 per mcf thereafter. The GC EBITDA estimate reflects Fitch's view of a sustainable, post-reorganization EBITDA level upon which Fitch bases the enterprise valuation (EV). The GC EBITDA assumption of CAD305 million reflects a decline from current pricing levels to stressed levels, followed by a partial recovery from a trough pricing environment. Fitch applied a 3.0x EV multiple to Baytex's GC EBITDA to calculate a post-reorganization EV. Liquidation Approach The liquidation estimate reflects Fitch's view of the value of balance-sheet assets that can be realized through sale or liquidation during bankruptcy or insolvency proceedings and then distributed to creditors. Fitch considers valuations like PV-10 and M&A transactions to estimate the sale value of Baytex's assets. Recovery Waterfall Fitch assumes the revolver will be 100% drawn upon default. In the liability waterfall, the revolver is assumed to have a committed amount of CAD750 million and holds seniority over the senior unsecured notes. The allocation of value in the liability waterfall results in an 'RR1' recovery for the first lien revolver and an 'RR3' recovery for the unsecured notes. The notes' 'RR3' recovery reflects the cap on the recovery rating of unsecured debt issued by issuers rated 'B+' or below. RATING SENSITIVITIES Not applicable as the ratings are being withdrawn, Liquidity and Debt Structure Baytex has an undrawn CAD750 million RCF due 2029. The only outstanding debt the company has is the USD70 million principal under its senior unsecured notes due 2032. Fitch expects Baytex's liquidity to also be supported by FCF generation in 2026-2029, based on its oil and gas price assumptions. Issuer Profile Baytex is a small Canadian exploration and production company. It produces light oil and condensate, heavy oil, natural gas liquids and natural gas, with operations in the Western Canadian Sedimentary Basin. MACROECONOMIC ASSUMPTIONS AND SECTOR FORECASTS Fitch's latest quarterly Global Corporates Sector Forecasts Monitor data file which aggregates key data points used in its credit analysis. Fitch's macroeconomic forecasts, commodity price assumptions, default rate forecasts, sector key performance indicators and sector-level forecasts are among the data items included. Climate Vulnerability Signals The Climate.VS for Baytex is 51. It reflects moderate exposure to events associated with the climate risk and elevated exposure to transition risks due to natural gas and liquids production by the company. Key transition risks arise from potential decline in demand driven by policies designed to reduce the use of oil and gas in the global economy and policies designed to limit greenhouse gas (GHG) emissions from the production of oil and gas. All of Baytex's assets are in Canada, where local regulation will be an important determinant of risk. Baytex's Climate.VS does not affect its ratings. Any potential future impact on the rating may differ from the illustrative rating impact in the Climate.VS framework, reflecting the evolution of Fitch's assessment of the global risks, action the entity might take to adapt to or mitigate the exposure, and any other relevant factors. ESG Considerations Baytex Energy Corp. has an ESG Relevance Score of '4' for Energy Management due to the company's cost competitiveness and financial and operational flexibility as a result of its scale, business mix, and diversification. This factor has a negative impact on the credit profile and is relevant to the rating in conjunction with other factors. The highest level of ESG credit relevance is a score of '3', unless otherwise disclosed in this section. A score of '3' means ESG issues are credit-neutral or have only a minimal credit impact on the entity, either due to their nature or the way in which they are being managed by the entity. Fitch's ESG Relevance Scores are not inputs in the rating process; they are an observation on the relevance and materiality of ESG factors in the rating decision. Following the withdrawal of ratings for Baytex, Fitch will no longer be providing the associated ESG Relevance Scores. Entity/Debt Rating Recovery Prior ----------- ------ -------- ----- Baytex Energy Corp. LT IDR B+ Affirmed B+ LT IDR WD Withdrawn senior unsecured LT BB- Affirmed RR3 BB- senior unsecured LT WD Withdrawn BRENMARK INC: Claims to be Paid from Disposable Income ------------------------------------------------------ Brenmark, Inc. and Taylors Fine Furniture & Mattress, LLC filed with the U.S. Bankruptcy Court for the Southern District of Texas a Plan of Reorganization dated February 11, 2026. Founded in 1997, the Debtors have operated in the Greater Houston area under the assumed business names “Landmark Furniture” and "Mattresses for Less" for almost thirty years. Brenmark, Inc. is a Texas corporation formed on or about December 23, 1997. Taylors Fine Furniture & Mattress LLC is a Texas limited liability company formed on or about September 3, 2021. A family-run business, the Debtors built their brand in a highly competitive market by offering quality furniture at affordable prices. Beginning around 2011, the Debtors' founder, Mark Taylor, began suffering from significant, life-threatening medical issues, which as of 2012 necessitated a transition in management. In 2016 the Debtors' current president, Brad Taylor, assumed managerial duties. At this time, he became aware of certain financial improprieties taken by a separate member of the managerial team. Then, in 2017, the Texas Comptroller of Public Accounts (the "Comptroller"), after the audit, determined that the Debtors owed a significant amount for past due sales tax. The resulting settlement with the Comptroller, as well as the financial damage suffered, resulted in significant financial distress for the Debtors from which they are still recovering. The Debtors' Plan Projections show that the Debtors will have projected Disposable Income of approximately $841,225 for the period described in Bankruptcy Code section 1191(c)(2), as modified and extended pursuant to the Plan Projections. Distributions pursuant to the Plan shall be made quarterly and shall total approximately $168,251 annually. On the Effective Date, Brenmark, Inc. and Taylors Fine Furniture & Mattress LLC ("Taylors") will be merged, with Taylors continuing as the surviving entity (the "Reorganized Debtor"). Both Debtors will contribute all assets and cash into the Reorganized Debtor. The transferred assets and cash shall vest in the Reorganized Debtor free and clear of all liens, except the SBA liens. The SBA liens will attach to the assets which have been transferred to the Reorganized Debtor. The Reorganized Debtor will be responsible for paying all amounts owed to the creditors under this plan and paying amounts owed under the SBA loan. This Plan proposes to pay Holders of Allowed Claims and Interests from Disposable Income generated from the sale of furniture in the ordinary course of business. As soon as reasonably practicable after additional sources of payment become available, such as an infusion of capital, loan proceeds, sale of assets, Cash flow from operations, or other future income, the Reorganized Debtor may use such funds to supplement the quarterly distributions set forth in the Plan Projections. Class 3 shall consist of Allowed Unsecured Claims against the Debtors, including Allowed General Unsecured Claims, and Allowed Insider Unsecured Claims, if any. Except to the extent that a Holder of an Allowed Class 3 Claim agrees to a less favorable treatment, Holders of Allowed Class 3 Claims shall receive Pro Rata quarterly distributions in Cash from the Disposable Income generated by the Debtors in the ordinary course of business, until such Claim is paid in full. Class 3 is Impaired under the Plan. Class 4 shall consist of the Allowed Equity Interests in each of the Debtors. All existing equity in the Debtors will be cancelled and new equity in the Reorganized Debtor will be distributed to the Holders of Allowed Class 4 Interests. The new proportions of Equity Interests in the Reorganized Debtor shall be equally divided 50/50 between managers Mark Taylor and Brad Taylor. On the Effective Date, the Debtors shall merge with Brenmark, Inc. contributing all of its equity, assets, and cash on hand, and with Taylors Fine Furniture & Mattress LLC, as the surviving entity, continuing to exist after the Effective Date as a separate limited liability company, with all the powers of a limited liability company, as the case may be, pursuant to the applicable law in the jurisdiction in which the Reorganized Debtor is formed and pursuant to its respective by-laws (or other formation documents) as may be amended and restated. A full-text copy of the Plan of Reorganization dated February 11, 2026 is available at https://urlcurt.com/u?l=dmaOL4 from PacerMonitor.com at no charge. Counsel to the Debtors: Kelley K. Edwards, Esq. Matthew S. Okin, Esq. Okin Adams Bartlett Curry LLP 1113 Vine St., Suite 240 Houston, TX 77002 Telephone: (713) 228-4100 Facsimile: (346) 247-7158 Email: mokin@okinadams.com Email: kedwards@okinadams.com About Brenmark, Inc. Brenmark, Inc. and Taylors Fine Furniture & Mattress, LLC manufacture and sell household furniture, including bedroom sets, futons, daybeds and mattresses. They operate retail locations and distribution facilities in Texas under the names Mattresses for Less and Landmark Furniture, serving residential customers through their stores and wholesale channels. The Debtors sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Texas Lead Case No. 25-36766) on November 9, 2025, with $1 million to $10 million in assets and liabilities. Brad Taylor, president of Brenmark, Inc. and manager of Taylors Fine Furniture, signed the petition. Judge Jeffrey P. Norman presides over the case. David Curry, Esq., at Okin Adams Bartlett Curry, LLP represents the Debtor as legal counsel. BROADBAND TELECOM: Hires Kroll as Claims and Noticing Agent ----------------------------------------------------------- Broadband Telecom, Inc. and its affiliates seek approval from the U.S. Bankruptcy Court for the Eastern District of New York to employ Kroll Restructuring Administration LLC as claims and noticing agent. Kroll will oversee the distribution of notices and will assist in the maintenance, processing, and docketing of proofs of claim filed in the Chapter 11 cases of the Debtors. Kroll received an advance payment of $50,000 from the Debtors. Benjamin Steele, a managing director at Kroll, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Benjamin Steele Kroll Restructuring Administration LLC 55 East 52nd Street, 17th Floor New York, NY 10055 About Broadband Telecom Inc. Broadband Telecom Inc., part of the Bankai Group, provides international wholesale telecommunications services including voice over internet protocol and messaging solutions to telecom operators, carriers, communication service providers, enterprises, and retailers. The Company operates from its headquarters in Garden City, New York, and serves clients globally with scalable communications infrastructure. Broadband Telecom Inc. and its affiliates sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D.N.Y. Case No. 25-73095) on August 12, 2025. The case is jointly administered in Case No. 25-73095. In its petition, Broadband Telecom disclosed estimated assets between $10 million and $50 million and estimated liabilities between $50 million and $100 million. Honorable Bankruptcy Judge Alan S. Trust handles the case. The Debtors are represented by Tracy L. Klestadt, Esq., at Klestadt Winters Jureller Southard & Stevens, LLP. BROADBAND TELECOM: Seeks to Hire Kroll as Administrative Advisor ---------------------------------------------------------------- Broadband Telecom, Inc. and its affiliates seek approval from the U.S. Bankruptcy Court for the Eastern District of New York to employ Kroll Restructuring Administration as administrative advisor. The firm will render these services: (a) assist with, among other things, solicitation, balloting and tabulation of votes, and prepare any related reports, as required in support of confirmation of a chapter 11 plan, and in connection with such services, process requests for documents from parties in interest, including, if applicable, brokerage firms, bank back-offices and institutional holders; (b) prepare an official ballot certification and, if necessary, testify in support of the ballot tabulation results; (c) provide a confidential data room, if requested; (d) manage and coordinate any distributions pursuant to a chapter 11 plan; and (e) provide such other processing, solicitation, balloting and other administrative services described in the Engagement Agreement, but not included in the Section 156(c) Application, as may be requested from time to time by the Debtors, the Court or the Office of the Clerk of the Bankruptcy Court. On February 3, 2026, Kroll received advance payment in the amount of $50,000 for unpaid fees and expenses. Kroll has agreed to a 15 percent discount on its applicable hourly rates. Benjamin Steele, a managing director at Kroll Restructuring Administration, disclosed in a court filing that the firm is a "disinterested person" as defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Benjamin J. Steele Kroll Restructuring Administration, LLC 55 East 52nd Street, 17th Floor New York, NY 10055 Tel: (212) 593-1000 About Broadband Telecom Inc. Broadband Telecom Inc., part of the Bankai Group, provides international wholesale telecommunications services including voice over internet protocol and messaging solutions to telecom operators, carriers, communication service providers, enterprises, and retailers. The Company operates from its headquarters in Garden City, New York, and serves clients globally with scalable communications infrastructure. Broadband Telecom Inc. and its affiliates sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D.N.Y. Case No. 25-73095) on August 12, 2025. The case is jointly administered in Case No. 25-73095. In its petition, Broadband Telecom disclosed estimated assets between $10 million and $50 million and estimated liabilities between $50 million and $100 million. Honorable Bankruptcy Judge Alan S. Trust handles the case. The Debtors are represented by Tracy L. Klestadt, Esq., at Klestadt Winters Jureller Southard & Stevens, LLP. BROADBAND TELECOM: Taps Alvarez & Marsal India as Financial Advisor ------------------------------------------------------------------- Broadband Telecom, Inc. and its affiliates seek approval from the U.S. Bankruptcy Court for the Eastern District of New York to employ Alvarez & Marsal India Private Limited as financial advisors. The firm's services include: (a) conducting research and analysis of corporate records and financial statements, including the identification of parties associated with the Debtors and their promoter in India; (b) analyzing financial and banking transactions, including a review of underlying information related to such transactions involving the identified parties; (c) assisting with site visits in India, together with A&M's telecommunications experts, to assess the nature of operations of Bankai Infotech Limited and its related entities; and (d) rendering such other general business consulting or such other assistance as Debtors or counsel may deem necessary consistent with the role of a financial advisor to the extent that it would not be duplicative of services provided by other professionals in this proceeding. The firm's hourly rates are: Managing Directors $750 Senior Directors and Directors $625 Senior Managers and Managers $450 Associates and Analysts $300 Further, A&M will bill for e-discovery related electronic data processing, hosting and user licenses as per these rates: -- Processing of electronic data collected will be billed based upon the volume of data collected and processed at the rate of USD 60 per GB. -- Hosting of electronic data at the rate of USD 10 per GB per month. -- Review licenses at the rate of USD 100 per license per month. The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. Dhruv Phophalia, a managing director with Alvarez & Marsal India Private Limited, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: Dhruv Phophalia Alvarez & Marsal India Private Limited One World Center, Unit 601-602, 6th Floor, Tower 2A Off Senapati Bapat Marg, Lower Parel Mumbai 400013 Maharashtra India Tel: (91) 22 61296000 Fax: (91) 22 61296050 About Broadband Telecom Inc. Broadband Telecom Inc., part of the Bankai Group, provides international wholesale telecommunications services including voice over internet protocol and messaging solutions to telecom operators, carriers, communication service providers, enterprises, and retailers. The Company operates from its headquarters in Garden City, New York, and serves clients globally with scalable communications infrastructure. Broadband Telecom Inc. and its affiliates sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D.N.Y. Case No. 25-73095) on August 12, 2025. The case is jointly administered in Case No. 25-73095. In its petition, Broadband Telecom disclosed estimated assets between $10 million and $50 million and estimated liabilities between $50 million and $100 million. Honorable Bankruptcy Judge Alan S. Trust handles the case. The Debtors are represented by Tracy L. Klestadt, Esq., at Klestadt Winters Jureller Southard & Stevens, LLP. BROOKS CUSTOM: Seeks 20-Day Extension of Plan Filing Deadline ------------------------------------------------------------- Brooks Custom Application, LLC, asked the U.S. Bankruptcy Court for the Northern District of Mississippi to extend its exclusivity periods to file a plan of reorganization and disclosure statement for an additional 20 days. The Debtor explains that it is required to file its disclosure statement and plan of reorganization on or before February 19, 2026. The Debtor and its counsel have diligently attempted to gather the information necessary to complete this document and file it in a timely manner. The Debtor claims that its counsel has formulated drafts of the disclosure statement and plan, but because of the extent of the information involved, the drafts have not yet been finalized. This is especially true with respect to the Debtor's cash flow projections. Weather has already impacted that significantly. In addition, a hearing on a motion fore relief from the automatic stay filed by an equipment lessor is scheduled for February 24. It will be extremely difficult for the Debtor to meet the scheduled lease payments in the agreements that form the basis for that Motion. The Debtor claims that the outcome of the hearing could potentially significantly affect the disclosure statement and plan. Filing a disclosure statement and plan now would likely require to both documents depending on the outcome of the hearing on February 24. Brooks Custom Application, LLC is represented by: Craig M. Geno, Esq. Christopher Steiskal, Esq. Law Offices of Craig M. Geno, PLLC 601 Renaissance Way, Suite A Ridgerland, MS 39157 Telephone: (601) 427-0048 Facsimile: (601) 427-0050 Email: cmgeno@cmgenolaw.com csteikal@cmgenolaw.com About Brooks Custom Application Brooks Custom Application, LLC, provides agricultural application services including liquid fertilizer and chemical treatments, lime spreading, and both fixed-rate and variable-rate applications. The family-owned Company, founded in 1969 and based in Houston, Mississippi, serves growers and ag retailers across Mississippi, Alabama, Tennessee, and Kentucky. Brooks Custom Application filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. N.D. Miss. Case No. 25-13062) on September 16, 2025. At the time of filing, the Debtor estimated $1 million to $10 million in both assets and liabilities. The petition was signed by John Paul Brooks as managing member. Judge Selene D Maddox presides over the case. Craig M. Geno, at LAW OFFICES OF GENO AND STEISKAL, PLLC, is the Debtor's counsel. BTWFU & GCFU: Seeks to Hire Curtis Law Firm as Bankruptcy Counsel ----------------------------------------------------------------- BTWFU & GCFU, LLC seeks approval from the U.S. Bankruptcy Court for the Southern District of Texas to hire The Curtis Law Firm, P.C., as bankruptcy counsel. The firm will, among other things: a. advise and consult with the Debtor concerning (i) legal questions arising in administering, reorganizing, and/or liquidating the Debtor's estate and (ii) the Debtor's rights and remedies in connections with estate assets, accounts receivable, and creditors' claims; b. assist the Debtor in the investigation of the acts, conduct, assets, and liabilities of the Debtor, and any other matters relevant to the cases; c. investigate and potentially prosecute preference, fraudulent transfer, stay violations, and other causes of action arising under the Debtor's avoidance powers; d. take all necessary legal action to preserve and protect the Debtor's estate; e. prepare on behalf of the Debtor all necessary pleadings, applications, motions, adversary proceedings, answers, notices, reports, orders, responses, and other legal documents that are required for the orderly administration of the Debtor's estate; f. aid the Debtor in the reorganization process; and g. perform all other legal services that the Debtor may determine are necessary and appropriate to faithfully discharge its duties as a Debtor-in-possession. The firm will be paid based on the hourly rates of its professionals: Shareholders $850 Senior Attorneys $650 Associates $300 to $500 Clerk and Paralegal $150 to $300 The Curtis Law Firm does not hold an interest adverse to the Debtor's estate and is disinterested pursuant to 11 U.S.C. Secs. 101(14) and 327, according to court filings. The firm can be reached through: Stephanie D. Curtis, Esq. CURTIS | LAW PC 901 Main Street, Suite 6230 Dallas, TX 75202 Telephone: (214) 752-2222 Facsimile: (214) 752-0709 Email: scurtis@curtislaw.net About BTWFU & GCFU, LLC BTWFU & GCFU, LLC filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. S.D. Tex. Case No. 26-30626) on January 30, 2026, listing $1 million to $10 million on both assets and liabilities. The petition was signed by John N. Pollard Jr as managing member of owner and operator. Judge Jeffrey P Norman presides over the case. Stephanie D. Curtis, Esq. at Curtis Law PC serves as the Debtor's counsel. CALIFORNIA LAW: Voluntary Chapter 11 Case Summary ------------------------------------------------- Debtor: California Law Center 3301 Watt Avenue, Suite 500 Sacramento CA 95821 Chapter 11 Petition Date: February 20, 2026 Court: United States Bankruptcy Court Northern District of California Case No.: 26-30148 Judge: Hon. Hannah L. Blumenstiel Debtor's Counsel: William Utnehmer, Esq. LAW OFFICES OF WM UTNEHMER Post Box Office 2101 Sonoma CA 95476 Tel: 707-633-3007 Email: Bill@Utnehmer.com Estimated Assets: $1 million to $10 million Estimated Liabilities: $1 million to $10 million The petition was signed by William Utnehmer as authorized representative of the Debtor. A list of the Debtor's 20 largest unsecured creditors was not provided alongside the petition. A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/NRM3WDA/California_Law_Center__canbke-26-30148__0001.0.pdf?mcid=tGE4TAMA CANACOL ENERGY: Appoints Interim Co-CEOs Jason Bednar & Ravi Sharma ------------------------------------------------------------------- Canacol Energy Ltd. announces a leadership change and the appointment of an independent director to the board of directors. The Board believes that these changes will position the Company for success in the next phase of its restructuring by adding substantial restructuring experience to the Board. Mr. Jason Bednar, Canacol's Chief Financial Officer, and Mr. Ravi Sharma, Canacol's Chief Operating Officer, will assume roles as Interim Co-Chief Executive Officers of the Company effective immediately. Mr. Bednar will continue in his role as Chief Financial Officer and Mr. Sharma will continue in his role as Chief Operating Officer while also assuming the responsibilities as Interim Co-Chief Executive Officers. In this role, they will jointly oversee the Company's operations and continue to advance its strategic and operational objectives as the Company continues to restructure its affairs within the Companies' Creditors Arrangement Act proceedings. "The Board is confident in the strength of the leadership team as the Company successfully navigates this transformative period and comes out of the restructuring process healthier and more robust," said Michael Hibberd, Chair of the Board. "Mr. Bednar and Mr. Sharma bring deep institutional knowledge, strong execution capabilities, and a shared commitment to our customers, employees, and stakeholders." The Company announces the departure of Dr. Charle Gamba from the role of President and Chief Executive Officer effective immediately. The Board thanks Dr. Gamba for his contributions to the Company and wishes him well in his future endeavors. The Company also announces the appointment of Mr. Peter Laurinaitis as an independent director to the Board. Mr. Laurinaitis is a highly accomplished and respected financial advisor and investment banker and an important addition to the Board providing strategic and technical capabilities as a veteran in restructuring matters. "Canacol welcomes Mr. Laurinaitis to the Board as an independent director as we work to restructure the Company's affairs within the CCAA Proceedings. His appointment is a significant step to help us provide value to stakeholders." "I am honored to join the Board at such a pivotal time for Canacol and look forward to bringing my experience and insights to the Company," said Mr. Laurinaitis. "I look forward to working alongside the Board and management team to execute on the Company's strategy within the CCAA Proceedings." About Peter Laurinaitis Peter Laurinaitis is an experienced financial advisor and investment banker with 30 years of transactional experience in financial restructuring, capital raising, mergers & acquisitions, special situations, and corporate turnarounds. Mr. Laurinaitis currently serves as a Managing Partner of Breakpoint Partners LLC, a restructuring and special situations advisory firm. Previously and over the last 24 years, Mr. Laurinaitis served as a Partner in both the Restructuring and Special Situations Group of PJT Partners and the Restructuring Group at Blackstone. Mr. Laurinaitis also served as a CPA and turnaround consultant in the Corporate Restructuring Group of Arthur Andersen. Mr. Laurinaitis holds a BSBA and an MSA from the University of Central Florida and an MBA from the Wharton School of the University of Pennsylvania. He is a Certified Public Accountant, Certified Insolvency and Restructuring Advisor, and a Certified Turnaround Professional. Mr. Laurinaitis recently served as the Chairman of the Board of FirstElement Fuel, Inc., a California-based hydrogen infrastructure company, and currently serves as Independent Director of Solo Brands, Inc. (NYSE: SBDS), a direct-to-consumer outdoor brands company, Independent Director of a $6bn privately-held manufacturing company, Independent Director of a $1bn automotive OEM, and Independent Director of Axip, a Houston-based natural gas compression services company. About Canacol Energy Ltd. Canacol Energy Ltd. is a Canadian natural gas explorer. Canacol Energy Ltd. sought relief under Chapter 15 of the U.S. Bankruptcy Code (Bankr. S.D.N.Y. Case No. 25-12576) on Nov. 18, 2025. The Debtor is represented by Steven William Golden, Esq. of Pachulski Stang Ziehl & Jones LLP. CANNABIST COMPANY: Ad Hoc Group Extends Forbearance to Feb. 27 -------------------------------------------------------------- The Cannabist Company Holdings Inc. announced on Feb. 20, 2026, that the ad hoc group of noteholders of the Company's 9.25% Senior Secured Notes due December 31, 2028 and the 9.00% Senior Secured Convertible Notes due December 31, 2028, which are parties to the previously announced forbearance agreement with the Company, have agreed to a further extension and to forbear from exercising any of their rights and remedies under the amended and restated indenture, as supplemented, governing the Notes and applicable law, until February 27, 2026. About The Cannabist Company (f/k/a Columbia Care) The Cannabist Company, formerly known as Columbia Care, is one of the most experienced cultivators, manufacturers and providers of cannabis products and related services, with licenses in 12 U.S. jurisdictions. The Company operates 77 facilities including 61 dispensaries and 16 cultivation and manufacturing facilities, including those under development. Columbia Care, now The Cannabist Company, is one of the original multi-state providers of cannabis in the U.S. and now delivers industry-leading products and services to both the medical and adult-use markets. In 2021, the Company launched Cannabist, its retail brand, creating a national dispensary network that leverages proprietary technology platforms. The Company offers products spanning flower, edibles, oils and tablets, and manufactures popular brands including dreamt, Seed & Strain, Triple Seven, Hedy, gLeaf, Classix, Press, and Amber. For more information, please visit www.cannabistcompany.com. CAROLINA FITNESS: Hires Cole Hayes Law as Bankruptcy Counsel ------------------------------------------------------------ Carolina Fitness Equipment, LLC seeks approval from the U.S. Bankruptcy Court for the Western District of North Carolina to hire Cole Hayes Law to serve as legal counsel in its Chapter 11 case. Cole Hayes will provide these services: (a) represent the Debtor in this Chapter 11 case; (b) perform legal work on behalf of the Debtor; (c) seek reimbursement for expenses fronted on behalf of the Debtor such as for postage, copying, legal research, travel, and parking; and (d) apply for interim compensation of fees and expenses on a monthly basis. Cole Hayes will charge $490 per hour for legal work. The firm received a retainer in the amount of $32,000. Cole Hayes is a disinterested person within the meaning of Sections 327, 330, and 101(14) of the Bankruptcy Code, according to court filings. He can be reached at: Cole Hayes, Esq. COLE HAYES LAW 601 S. Kings Drive, Suite F PMB #411 Charlotte, NC 28204 Phone: (980) 416-4266 Email: info@colehayeslaw.com About Carolina Fitness Equipment, LLC Carolina Fitness Equipment, LLC sells new and used commercial and residential fitness equipment and provides installation, delivery, and maintenance services from its Belmont, North Carolina location to customers throughout the Carolinas and nearby areas. Carolina Fitness Equipment, LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D.N.C. Case No. 26-30091) on January 25, 2026. The company reports estimated assets and liabilities between $1 million and $10 million. Honorable Bankruptcy Judge Laura T. Beyer oversees the case. The Debtor is represented by Cole Hayes, Esq. CAROLINA RENOVATION: Case Summary & 20 Largest Unsecured Creditors ------------------------------------------------------------------ Debtor: Carolina Renovation Warehouse, LLC 2318 E. Main Street Lincolnton, NC 28092 Business Description: Carolina Renovation Warehouse, LLC provides home renovation products and services, including kitchen, bathroom, flooring, and tiling solutions, across six locations. The company operates retail stores offering overstock and open-box items through its Lucky Duck Deals program, emphasizing affordability and sustainability. It also engages in community support initiatives, including disaster relief and local renovation projects, in the Carolinas. Chapter 11 Petition Date: February 20, 2026 Court: United States Bankruptcy Court Western District of North Carolina Case No.: 26-40048 Judge: Hon. Ashley Austin Edwards Debtor's Counsel: John C. Woodman, Esq. ESSEX RICHARDS PA 1701 South Boulevard Charlotte, NC 28203 Tel: (704) 377-4300 Fax: (704) 372-1357 E-mail: jwoodman@essexrichards.com Estimated Assets: $100,000 to $500,000 Estimated Liabilities: $1 million to $10 million The petition was signed by Dustin C. Bealby as president and manager. A full-text copy of the petition, which includes a list of the Debtor's 20 largest unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/ILSIDSY/Carolina_Renovation_Warehouse__ncwbke-26-40048__0001.0.pdf?mcid=tGE4TAMA CAUSEY STREETER: Amends Plan to Include Kapitus Unsecured Claim --------------------------------------------------------------- Causey Streeter CPAS, LLC, submitted an Amended Plan of Reorganization dated February 11, 2026. This Plan is filed under Subchapter V of Chapter 11 of the Bankruptcy Code. This Plan deals with all property of Debtor and provides for treatment of all Claims against Debtor and its property. Class 3 shall consist of Allowed General Unsecured Claims. Debtor estimates the Class 3 Claims total $14,760.08. The Allowed Class 3 Claims shall be paid in full on a pro rata basis over three years on a monthly basis starting on the Effective Date. Class 3 is Impaired and entitled to vote to accept or reject the Plan. Class 4 shall consist of the Unsecured Claim of Kapitus. Kapitus filed a proof of claim asserting a secured claim in the amount of $109,256.00 based upon a UCC-1 Financing Statement it recorded on December 22, 2022 asserting a security interest in Debtor's accounts and accounts receivable. Kapitus, however, is not a secured creditor as Georgia's Own held a first in priority security interest in and to all of Debtor's Assets, including all accounts and accounts receivable, as of May 18, 2022. The Allowed Unsecured Claim shall be paid in full over three years in 36 equal monthly payments of $3,034.88, with the first payment due on the Effective Date and all subsequent payments due on the same day of each month ("Kapitus Plan Payments"). Mr. Streeter guaranteed the Kapitus debt under a guaranty dated December 4, 2024 (the "Kapitus Guaranty") that he signed relating to a Forward Purchase Agreement (Fixed ACH Delivery) dated December 9, 2024 between Kapitus and Debtor (the "Kapitus Agreement"). Kapitus has agreed to forbear from taking any action to collect from Mr. Streeter on the Kapitus Guaranty provided that Debtor remains current on its obligations to Kapitus under the Plan. unless and until Debtor has a monetary and/or non-monetary default under the terms of this Plan and fails to cure the default as stated herein, and with a payment of $5,000 from Mr. Streeter to Kapitus on the Effective Date (the "Guarantor Payment”= "). Upon timely payment in full of the Kapitus Plan Payments, the Guaranty will be deemed satisfied in full. All payments by Debtor to Kapitus shall be remitted via ACH payment. Debtor shall provide Kapitus with a voided check from the account subject to ACH payments and authorizes Kapitus to ACH debit from the account. If Debtor changes the bank account from which such ACH debits are being remitted, it shall provide Kapitus, within 5 business days of such change, the new bank account information and a written authorization to deduct payments via ACH from such account as stated herein. Any fees incurred by Kapitus due to rejected ACH debits shall be due and payable by Debtor as they accrue in accordance with the fee schedule in the Kapitus Agreement. All of Kapitus's rights and interests against Mr. Streeter shall be hereby expressly preserved until such time as Kapitus timely receives all Kapitus Plan Payments in accordance with the terms herein. Any applicable statutes of limitations are tolled through February 11, 2030. Any failure by Debtor to timely make any Kapitus Plan Payment pursuant to the terms stated herein shall be an event of default. Debtor shall have the opportunity to cure two events of default over the life of the Plan beginning on the Effective Date and continuing for 36 months. Class 4 is Impaired and is entitled to vote to accept or reject the Plan. If the Plan is confirmed under Section 1191(a) of the Bankruptcy Code, General Unsecured Creditors shall be paid in full on a pro rata basis over 3 years in equal monthly payments beginning on the first day of the first month after the Effective Date and will continue to be paid for 35 additional months on the first day of each month. The General Unsecured Creditors whose debts are guaranteed by Mr. Streeter shall be paid through this Plan. Those guaranteed General Unsecured Creditors shall not pursue collection of their claims against Mr. Streeter unless and until Debtor fails to make the Plan payments as stated in the Plan. In that event, General Unsecured Creditors may pursue their rights and remedies against Mr. Streeter under any valid guaranty. If the Plan is confirmed under Section 1191(b) of the Bankruptcy Code, Class 3 shall be treated the same as if the Plan was confirmed under Section 1191(a) of the Bankruptcy Code. The source of funds for the payments pursuant to the Plan is Debtor's continued business operations. Debtor shall pay Class 1, Class 2, and Class 4 from its net income. Debtor shall pay Class 3 from its disposable net income. A full-text copy of the Amended Plan dated February 11, 2026 is available at https://urlcurt.com/u?l=hrSaUN from PacerMonitor.com at no charge. Counsel to the Debtor: William A. Rountree, Esq. ROUNTREE, LEITMAN, KLEIN & GEER, LLC Century I Plaza 2987 Clairmont Road, Suite 350 Atlanta, GA 30329 Telephone: (404) 584-1238 E-mail: wrountree@rlkglaw.com About Causey Streeter CPAs Causey Streeter CPAs, LLC, is an accounting firm with offices located at 1150 Sanctuary Parkway, Suite 410, Alpharetta, Georgia 30009 and at 1000 Johnson Ferry Road, Suite D-110, Marietta, Georgia 30068. The Debtor filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. N.D. Ga. Case No. 25-61703) on Oct. 7, 2025, listing up to $50,000 in assets and between $1 million and $10 million in liabilities. Judge Paul Baisier oversees the case. William A. Rountree, at Rountree Leitman Klein & Geer, LLC, is the Debtor's legal counsel. CHARLES & COLVARD: Delays Q2 10-Q Filing, Flags Going Concern Doubt ------------------------------------------------------------------- Charles & Colvard, Ltd. filed a Notification of Late Filing on Form 12b-25 with respect to its Quarterly Report on Form 10-Q for the fiscal quarter ended December 31, 2025. The Company was unable to file its Q2 FY2026 Form 10-Q within the prescribed time period without unreasonable effort or expense because it requires additional time to complete procedures and compile information relating to its delinquent annual and quarterly financial statements. The Company's recent management and board changes, along with ongoing litigation and resource constraints, all of which have been previously reported, contributed to the delay. The Company is diligently working on completing procedures and compiling the information required to be included in its quarterly and annual reports. While the Company intends to file the Q2 FY2026 Form 10-Q as soon as practicable, the Company does not anticipate being able to file its Q2 FY2026 Form 10-Q within the five-day grace period provided by Rule 12b-25 under the Securities Exchange Act of 1934, as amended, without unreasonable effort or expense. The Company intends to file the Q2 FY2026 Form 10-Q as soon as practicable, following the filing of the Annual Report on Form 10-K for the fiscal year ended June 30, 2025, and its Quarterly Report on Form 10-Q for the fiscal quarter ended September 30, 2025. Based on the currently available information, and consistent with the Company's disclosure in its Annual Report on Form 10-K for the fiscal year ended June 30, 2024, its Quarterly Report on Form 10-Q for the fiscal quarter ended September 30, 2024, its Quarterly Report on Form 10-Q for the fiscal quarter ended December 31, 2024, and its Quarterly Report on Form 10-Q for the fiscal quarter ended March 31, 2025, the Company expects to disclose in its Q2 FY2026 Form 10-Q, that: (1) certain material weaknesses exist in internal controls over financial reporting, and (2) certain factors raise substantial doubt about the Company's ability to continue as a going concern. In response to this and the continued challenging economic environment, the Company continues to reduce spend across the board in order to stabilize and right-size its business. The Company has implemented a cost reduction strategy that includes a decrease in headcount and related payroll, executive salary reductions, reevaluation of its supplier base, and inventory repurposing – all through the fiscal year ended June 30, 2025, and continuing in the quarters ended September 30, 2025 and December 31, 2025. About Charles & Colvard Ltd. Charles & Colvard, Ltd., a North Carolina corporation, was founded in 1995. The Company manufactures, markets, and distributes Charles & Colvard Created Moissanite and finished jewelry featuring moissanite, including Forever One, the Company's premium moissanite gemstone brand, for sale in the worldwide fine jewelry market. The Company also markets and distributes Caydia lab-grown diamonds and finished jewelry featuring lab grown diamonds and created color gems for sale in the worldwide fine jewelry market. As of March 31, 2025, the Company had $29.11 million in total assets, $10.02 million in total liabilities, and total stockholders' equity of $19.09 million. The Company concluded in the quarterly period ended March 31, 2025 that its existing cash and cash equivalents and availability of other resources combined will not be sufficient to meet working capital and capital expenditure needs over the next 12 months, and therefore, there is substantial doubt about the Company's ability to continue as a going concern. CHOATE ENGINEERING: Employs T. Verner Smith as Co-Counsel --------------------------------------------------------- Choate Engineering Performance, LLC seeks approval from the U.S. Bankruptcy Court for the Western District of Tennessee to hire T. Verner Smith, a professional who practices law, to serve as co-counsel to the Debtor. T. Verner Smith will provide these services: (a) advising the Debtor with respect to its powers and duties as Debtor-in-Possession in the continued operation of its business and management of its property; (b) assisting the Debtor in the preparation of its statement of financial affairs, schedules, statement of executory contracts and unexpired leases, and any papers or pleadings, or any amendments thereto that the Debtor is required to file in these cases; (c) representing the Debtor in any proceeding that is instituted to reclaim property or obtain relief from the automatic stay imposed by Section 362 of the Bankruptcy Code or that seeks the turnover or recovery of property; (d) providing assistance, advice and representation concerning the formulation, negotiation and confirmation of a Plan of Reorganization (and accompanying ancillary documents); (e) providing assistance, advice and representation concerning any investigation of the assets, liabilities and financial condition of the Debtor that may be required; (f) representing Debtor at hearings or matters pertaining to affairs as Debtor-In-Possession; (g) prosecuting and defending litigation matters and such other matters that might arise during and related to these Chapter 11 cases; (h) providing counseling and representation with respect to the assumption or rejection of executory contracts and leases and other bankruptcy-related matters arising from these cases; (i) representing the Debtor in matters that may arise in connection with its business operations, its financial and legal affairs, its dealings with creditors and other parties-in-interest and any other matters which may arise during the bankruptcy case; (j) rendering advice with respect to the myriad of general corporate and litigation issues relating to these cases; and (k) performing such other legal services as may be necessary and appropriate for the efficient and economical administration of these Chapter 11 cases. The current rates are $375 per hour for T. Verner Smith and $100 per hour for paralegals. The Debtor provided a retainer of $12,500. T. Verner Smith is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code, according to court filings. The firm can be reached at: T. Verner Smith 367-A N. Parkway, Ste. 2 Jackson, TN 38305 E-mail: verner@vernersmith.com About Choate Engineering Performance, LLC Business Description: Choate Engineering Performance, based in Bolivar, Tennessee, specializes in the remanufacture and engineering of diesel engines for Duramax, Powerstroke, and Cummins applications, focusing on correcting known factory weak points and enhancing durability. The company produces short blocks, long blocks, and fully running engines, incorporating upgraded pistons and internal components to meet or exceed OEM specifications. It operates in the automotive and diesel engine performance sector, providing in-house machining, engineering, and nationwide distribution for individual and commercial diesel owners. Choate Engineering Performance, LLC in Bolivar, TN, sought relief under Chapter 11 of the Bankruptcy Code filed its voluntary petition for Chapter 11 protection (Bankr. W.D. Tenn. Case No. 26-10171) on Feb. 9, 2026, listing $0 to $50,000 in assets and $1 million to $10 million in liabilities. Cass Choate as owner, signed the petition. STRAWN LAW FIRM serve as the Debtor's legal counsel. CHURCH INTERNATIONAL: Jerrett McConnell Named Subchapter V Trustee ------------------------------------------------------------------ The Acting U.S. Trustee for Region 21 appointed Jerrett McConnell, Esq., at McConnell Law Group, P.A. as Subchapter V trustee for The Church International Inc. Mr. McConnell will be paid an hourly fee of $400 for his services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Mr. McConnell declared that he is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Jerrett M. McConnell, Esq. McConnell Law Group, P.A. 6100 Greenland Rd., Unit 603 Jacksonville, FL 32258 Phone: (904) 570-9180 info@mcconnelllawgroup.com About The Church International Inc. The Church International Inc. sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Fla. Case No. 26-00622) on February 16, 2026, with $50,001 to $100,000 in assets and $100,001 to $500,000 in liabilities. Bryan K. Mickler, Esq., at Mickler & Mickler represents the Debtor as legal counsel. CIMG INC: Closes Initial $1.6MM Tranche of $5MM Notes ----------------------------------------------------- CIMG Inc. disclosed in a regulatory filing that it entered into a convertible note and warrant purchase agreement with certain non-U.S. investors, providing for the private placement of convertible promissory notes in the aggregate principal amount of $5,000,000 and warrants to purchase the Company's shares of common stock in reliance on the registration exemptions of Regulation S. The Notes are issuable in two tranches, consisting of: (i) an initial tranche in the aggregate principal amount of $1,600,000 and (ii) a second tranche in the aggregate principal amount of $3,400,000. The Notes bear interest at an annual rate of 7% and have a maturity date of August 12, 2027. On February 13, 2026, the Company completed the initial closing and issued Notes in the aggregate principal amount of $1,600,000 to the Investors. The Notes are convertible into shares of the Company's shares of common stock, $0.00001 par value per share, at a conversion price equal to the volume weighted average price of the common stock for the ten (10) consecutive trading days ending on (and including) the trading day immediately prior to the date of conversion; provided, however, that in no event shall such conversion price be less than $0.14 per share, subject to adjustment as set forth in the Notes. The Purchase Agreement also provides for the issuance to the Investors of the Warrants to purchase shares of the Company's common stock, at an exercise price of $0.57 per share, subject to adjustments in accordance with the terms and conditions of the Warrants. The Warrants shall become exercisable from the date when the Company obtains the shareholder approval on the Transaction and remain exercisable until the three-year-anniversary from the respective issuance dates. The warrant coverage amount for each tranche is equal to the principal amount of Notes issued at such closing (excluding interest) divided by the "Minimum Price" (as defined under applicable Nasdaq rules) as of such closing date. Pursuant to the Purchase Agreement, each Investor has agreed not to convert the Notes or exercise the Warrants unless and until the Company obtains the requisite shareholder approval under applicable Nasdaq listing rules. Full text copies of the Purchase Agreement and the forms of the Notes and the Warrants, are available https://tinyurl.com/3av6562j, https://tinyurl.com/3uh98px8 and https://tinyurl.com/2efarb9r, respectively. About CIMG Inc. CIMG is a business group specializing in digital health and sales development, with a cryptocurrency-focused strategy. The Company leverages AI and cryptocurrencies (such as Bitcoin and stablecoins) to drive business growth, helping clients maximize user growth and enhance brand management value. The Company's current client portfolio includes brands such as Kangduoyuan, Maca-Noni, Qianmao, Huomao, and Coco-mango. Singapore-based Assentsure PAC, the Company's auditor since 2025, issued a "going concern" qualification in its report dated February 13, 2026, attached to the Company's Annual Report on Form 10-K for the fiscal year ended September 30, 2025, citing that the Company has experienced recurring losses from operations and negative working capital, which raises substantial doubt about its ability to continue as a going concern. As of September 30, 2025, the Company had $74.18 million in total assets, $27.65 million in total liabilities, and a total stockholders' equity of $46.53 million. CLEAN GUARANTEED: Hires Law Offices of David Freydin as Counsel --------------------------------------------------------------- Clean Guaranteed, Inc. seeks approval from the U.S. Bankruptcy Court for the Northern District of Illinois to hire David Freydin, Esq., Jan Michael Hulstedt, Esq., and Derek V. Lofland, Esq. of Law Offices of David Freydin, PC to serve as bankruptcy attorneys. The attorneys will provide these services: (a) negotiation with creditors; (b) preparation of a plan and financial statements; and (c) examination and resolution of claims filed against the estate. The professionals will be compensated on an hourly basis at a rate of $450 per hour. The firm received a $10,000 retainer prior to filing the case. The proposed counsel do not hold or represent an interest adverse to the estate and are disinterested persons within the meaning of Section 327(a) and Section 101(14) of the Bankruptcy Code, according to court filings. The firm can be reached at: David Freydin, Esq. Jan Michael Hulstedt, Esq. Derek V. Lofland, Esq. LAW OFFICES OF DAVID FREYDIN, PC 8707 Skokie Blvd, Suite 312 Skokie, IL 60077 Telephone: (847) 972-6157 Facsimile: (866) 897-7577 E-mail: david.freydin@freydinlaw.com jan@freydinlaw.com derek@freydinlaw.com About Clean Guaranteed, Inc. Clean Guaranteed, Inc. is an Illinois-based corporation that appears to provide residential and commercial cleaning and related facility services. Clean Guaranteed, Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-02092) on February 4, 2026. In its petition, the Debtor reports estimated assets between $0 and $100,000 and estimated liabilities between $100,001 and $1,000,000. The Debtor is represented by David Freydin, Esq. of Law Offices of David Freydin Ltd. COAST GLOBAL: Douglas Stanger Named Subchapter V Trustee -------------------------------------------------------- The U.S. Trustee for Regions 3 and 9 appointed Douglas Stanger, Esq., at Flaster, Greenberg, PC as Subchapter V trustee for Coast Global Corporation. Mr. Stanger will be paid an hourly fee of $475 for his services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Mr. Stanger declared that he is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Douglas S. Stanger, Esq. Flaster, Greenberg, PC 646 Ocean Heights Avenue Linwood, NJ 08221 Phone: (609) 645-1881 Doug.stanger@flastergreenberg.com About Coast Global Corporation Coast Global Corporation is a veteran- and minority-owned logistics company with facilities in New Jersey and Pennsylvania, providing intermodal drayage, trucking, distribution, and warehousing services. The company operates across the Northeast and the U.S., serving ports including Philadelphia, Baltimore, and New York/New Jersey. Its operations include supply chain management, transloading, and inventory control. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D.N.J. Case No. 26-11322) on February 5, 2026, with up to $50,000 in assets and $1 million to $10 million in liabilities. Joseph LaPaix, owner, signed the petition. Robert Johnson, Esq., at Robert Johnson, LLC represents the Debtor as legal counsel. COMPASS COFFEE: Committee Taps Womble Bond Dickinson as Counsel --------------------------------------------------------------- The Official Committee of Unsecured Creditors of Compass Coffee, LLC seeks approval from the U.S. Bankruptcy Court for the District of Columbia to hire Womble Bond Dickinson (US) LLP to serve as its legal counsel. The firm will provide these services: (a) assisting, advising and representing the Committee in its consultations with the Debtor relative to the administration of this Case (which may include adversary proceedings and litigation pending in other courts); (b) assisting, advising and representing the Committee in analyzing the Debtor's assets and liabilities, investigating the extent and validity of liens, and participating in and reviewing any proposed asset sales or dispositions; (c) attending meetings and negotiating on behalf of the Committee with the representatives of the Debtor, the Debtor's insiders, secured creditors, the U.S. Trustee, and other parties in interest; (d) assisting and advising the Committee in its examination and analysis of the conduct of the Debtor's affairs; (e) assisting the Committee in reviewing, analyzing, and negotiating any chapter 11 plan and disclosure statement; (f) assisting the Committee in reviewing, analyzing, and negotiating any financing or funding agreements; (g) taking all necessary actions to protect and preserve the interests of the Committee and its constituents, including, without limitation, by prosecuting actions on its behalf, engaging in negotiations concerning all litigation in which the Debtor or the estate is involved, and reviewing and analyzing all claims filed against the estate; (h) preparing on behalf of the Committee all necessary motions, applications, answers, responses, objections, orders, reports, and other papers in support of positions taken or relief sought by the Committee; (i) appearing, as appropriate, before this Court and any other courts in which matters may be heard and protecting the interests of the Committee in court; (j) performing all other necessary, warranted, or requested legal services for the Committee in this Case, related adversary proceedings, and in any other potential cases in other courts that may impact the rights, obligations, and interests of the Committee and its constituents; and (k) assisting the Committee with discharging its statutory duties to provide access to information and solicit comments from creditors pursuant to section 1102(b)(3)(A). The firm's professionals who are currently designated to represent the Committee, with proposed hourly rates and experience levels are: Jeffrey Tarkenton Partner $1,165 Matthew Ward Partner $1,030 Morgan Patterson Partner $880 Michael Barber Associate $510 Cindy Giobbe Paralegal $430 Other Womble attorneys and paralegals may also provide services at rates currently around $430 per hour, subject to firm billing practices and court approval. Womble Bond Dickinson (US) LLP is a "disinterested person" within the meaning of the Bankruptcy Code, according to court filings, and does not hold or represent any interests adverse to the Committee in connection with this case. The firm can be reached at: Jeffrey Tarkenton, Esq. WOMBLE BOND DICKINSON (US) LLP 2001 K. Street, NW Suite 400 South Washington, DC 20006 Telephone: (202) 467-6900 E-mail: jeffrey.tarkenton@wbd-us.com About Compass Coffee Compass Coffee is a Washington, D.C.-based coffee roaster and cafe chain founded in 2014 by former U.S. Marines Michael Haft and Harrison Suarez. The company focuses on specialty coffee, emphasizing in-house roasting, ethical sourcing, and community-driven branding. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D.C. Case No. 26-00005) on January 6, 2026. In the petition signed by Michael Haft, chief executive officer, the Debtor disclosed between $1 million and $10 million in assets and between $10 million and $50 million in liabilities. Judge Elizabeth L. Gunn oversees the case. Jennifer W. Wuebker, Esq., at Hunton Andrews Kurth LLP, represents the Debtor as legal counsel. COMPASS COFFEE: Committee to Hire FTI Consulting as Advisors ------------------------------------------------------------ The Official Committee of Unsecured Creditors of Compass Coffee, LLC seeks approval from the U.S. Bankruptcy Court for the District of Columbia to hire FTI Consulting, Inc. to serve as its financial advisors. The firm will provide these services: (a) assistance in the review of financial related disclosures required by the Court, including the Schedules of Assets and Liabilities, the Statement of Financial Affairs and Monthly Operating Reports; (b) assistance in the preparation of analyses required to assess any proposed Debtor-In-Possession financing or use of cash collateral; (c) assistance with the assessment and monitoring of the Debtor's short term cash flow, liquidity, and operating results; (d) assistance with the review of the Debtor's potential disposition or liquidation of both core and non-core assets; (e) assistance with the review of the Debtor's cost/benefit analysis with respect to the affirmation or rejection of various executory contracts and leases; (f) assistance with the review of the Debtor's identification of potential cost savings, including overhead and operating expense reductions and efficiency improvements; (g) assistance in the review and monitoring of the asset sale process, including, but not limited to an assessment of the adequacy of the marketing process, completeness of any buyer lists, review and quantifications of any bids; (h) assistance with review of any tax issues associated with, but not limited to, claims/stock trading, preservation of net operating losses, refunds due to the Debtor, plans of reorganization, and asset sales; (i) assistance in the review of the claims reconciliation and estimation process; (j) assistance in the review of other financial information prepared by the Debtor, including, but not limited to, cash flow projections and budgets, business plans, cash receipts and disbursement analysis, asset and liability analysis, and the economic analysis of proposed transactions for which Court approval is sought; (k) attendance at meetings and assistance in discussions with the Debtor, potential investors, banks, other secured lenders, the Committee and any other official committees organized in these chapter 11 proceedings, the U.S. Trustee, other parties in interest and professionals hired by the same, as requested; (l) assistance in the review and/or preparation of information and analysis necessary for the confirmation of a plan and related disclosure statement in these chapter 11 proceedings; (m) assistance in the evaluation and analysis of avoidance actions, including fraudulent conveyances and preferential transfers; (n) assistance in the prosecution of Committee responses/objections to the Debtor's motions, including attendance at depositions and provision of expert reports/testimony on case issues as required by the Committee; and (o) provision of such other general business consulting or such other assistance as the Committee or its counsel may deem necessary that are consistent with the role of a financial advisor and not duplicative of services provided by other professionals in this proceeding. FTI seeks to be compensated on an hourly-fee basis, plus reimbursement of actual and necessary expenses incurred by FTI. The customary hourly rates charged by FTI professionals anticipated to be assigned to this case are as follows: $1,270 to 1,580 for Senior Managing Directors, $940 to 1,195 for Directors/Senior Directors/Managing Directors, $535 to 850 for Consultants/Senior Consultants, and $195 to 395 for Administrative/Paraprofessionals. FTI believes that it is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code and has no connection with the Debtor, its creditors, equity security holders, or other parties in interest. The firm can be reached at: Narendra Ganti FTI Consulting, Inc. 8251 Greensboro Drive McLean, VA 22102 Telephone: (571) 830-1029 E-mail: narendra.ganti@fticonsulting.com About Compass Coffee, LLC Compass Coffee is a Washington, D.C.-based coffee roaster and cafe chain founded in 2014 by former U.S. Marines Michael Haft and Harrison Suarez. The company focuses on specialty coffee, emphasizing in-house roasting, ethical sourcing, and community-driven branding. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D.C. Case No. 26-00005) on January 6, 2026. In the petition signed by Michael Haft, chief executive officer, the Debtor disclosed between $1 million and $10 million in assets and between $10 million and $50 million in liabilities. Judge Elizabeth L. Gunn oversees the case. Jennifer W. Wuebker, Esq., at Hunton Andrews Kurth LLP, represents the Debtor as legal counsel. COOPER-STANDARD: Commences $1.1B Senior Secured Notes Offering -------------------------------------------------------------- Cooper-Standard Holdings Inc. disclosed in a regulatory filing that its wholly-owned subsidiary, Cooper-Standard Automotive Inc. (the "Issuer"), commenced a private offering of $1.1 billion aggregate principal amount of Senior Secured First Lien Notes due 2031. The Issuer intends to use the net proceeds from the Offering, together with cash on hand, to: (i) redeem all of its outstanding 13.50% Cash Pay / PIK Toggle Senior Secured First Lien Notes due 2027, 5.625% Cash Pay / 10.625% PIK Toggle Senior Secured Third Lien Notes due 2027 and 5.625% Senior Notes due 2026 at the applicable redemption prices including premiums, if any; and (ii) pay fees and expenses related to the Offering and such redemptions. The Offering is subject to market conditions and other factors. The New Notes and related guarantees have not, and will not be, registered under the Securities Act, or the securities laws of any other jurisdiction. The New Notes may not be offered or sold within the United States or to U.S. persons absent registration or an applicable exemption. The New Notes and related guarantees will be offered only to persons reasonably believed to be qualified institutional buyers under Rule 144A of the Securities Act or, outside the United States, to persons other than "U.S. persons" in compliance with Regulations S under the Securities Act. Notes Redemption On February 17, 2026, the Issuer issued conditional redemption notices pursuant to the indentures governing the Existing First Lien Notes, Existing Third Lien Notes and Existing Unsecured Notes, as applicable, to redeem: (i) all of the Existing First Lien Notes on March 4, 2026 at a redemption price of 102.250% of the principal amount thereof, plus accrued and unpaid interest thereon to, but excluding, the applicable redemption date (ii) all of the Existing Third Lien Notes on March 4, 2026 at a redemption price of 101.410% of the principal amount thereof, plus accrued and unpaid interest thereon to, but excluding, the applicable redemption date and (iii) all of the Existing Unsecured Notes on March 4, 2026 at a redemption price of 100.000% of the principal amount thereof, plus accrued and unpaid interest thereon to, but excluding, the applicable redemption date. Each such notice of redemption is conditioned upon the consummation by the Issuer of one or more refinancing transactions on terms satisfactory to the Issuer yielding net proceeds to the Issuer on or prior to the applicable redemption date that are sufficient to pay in full the aggregate redemption prices, including applicable premiums and accrued and unpaid interest, for the Redemptions and fees and expenses thereof and as such, the redemption dates may be delayed if such condition is not satisfied. About Cooper-Standard Cooper-Standard Holdings Inc. -- https://www.cooperstandard.com/ -- headquartered in Northville, Mich., with locations in 21 countries, is a global supplier of sealing and fluid handling systems and components. Utilizing the Company's materials science and manufacturing expertise, the Company creates innovative and sustainable engineered solutions for diverse transportation and industrial markets. As of September 30, 2025, the Company had $1.86 billion in total assets, $1.97 billion in total liabilities, and $110.1 million in total deficit. * * * As reported by the Troubled Company Reporter on Nov 24, 2025, S&P Global Ratings revised its outlook on Cooper-Standard Holdings Inc. to developing from positive and affirmed the 'CCC+' issuer credit rating. S&P said, "At the same time, we affirmed our 'CCC+' issue-level on the senior secured first-lien notes due in 2027; the recovery ratings are unchanged at '4' (30%-50%; rounded estimate: 45%). We affirmed our 'CCC-' issue-level rating on the senior secured third-lien notes due in 2027; the recovery ratings are unchanged at '6' (0%-10%; rounded estimate: 0%). We also affirmed our 'CCC-' issue-level rating on the company's senior unsecured notes; the recovery ratings are unchanged at '6' (0%-10%; rounded estimate: 0%). "The developing outlook reflects that we could raise, maintain, or lower our rating on Cooper depending on its ability to successfully refinance the maturities of its debt while also maintaining meaningful positive free cash flow." Cooper-Standard's senior secured first-lien notes are scheduled to become current in March 2026, heightening liquidity risk. CRESTMONT PROPERTIES: Hires Archer & Greiner P.C. as Counsel ------------------------------------------------------------ Crestmont Properties, LLC seeks approval from the U.S. Bankruptcy Court for the District of New Jersey to employ Archer & Greiner, P.C. as counsel. The firm will provide these services: (i) assisting with the Debtor's reporting requirements; (ii) appearing for, prosecuting, and representing the Debtor in connection with motions and other proceedings; (iii) consulting with and advising the Debtor with regard to the potential sale of any of Debtor's property; (iv) formulating a confirmable Debtor's Plan of Reorganization and/or Liquidation; and (v) other related services for the Debtor, as and when needed. Archer & Greiner's professionals will receive these hourly rates: Jerrold S. Kulback, Esq. $645 Douglas G. Leney, Esq. $575 Amy Huber (paralegal) $240 Archer received prepetition retainer payments totaling $10,000. Archer & Greiner is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code, according to court filings. The firm can be reached at: Douglas G. Leney, Esq. ARCHER & GREINER, P.C. 1025 Laurel Oak Road Voorhees, NJ 08043 Telephone: (856) 795-2121 Facsimile: (856) 795-0574 Email: dleney@archerlaw.com About Crestmont Properties, LLC Crestmont Properties, LLC is a real estate company engaged in the ownership, management, and operation of residential and/or commercial properties. The company's activities typically include property acquisition, leasing, and day-to-day property management. Crestmont Properties, LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D.N.J. Case No. 25-23408) on December 19, 2025. In its petition, the debtor reports estimated assets in the range of $1 million to $10 million, with liabilities listed as unknown. The Honorable Vincent F. Papalia handles the case. The debtor is represented by Anthony P. Ambrosio, Esq. CRYO-1 INC: Gets Extension to Access Cash Collateral ---------------------------------------------------- The U.S. Bankruptcy Court for the Southern District of Texas, Galveston Division, entered a second interim order allowing CRYO-1, Inc. to continue using cash collateral to fund operations. Under the order, the Debtor is authorized to use revenues generated from ongoing operations that constitute cash collateral and are subject to the lien of Corporate Service Company, the secured creditor. The court granted CSC and other secured creditors replacement liens on post-petition assets equivalent in priority and scope to their pre-petition liens, without making any final determination regarding the validity or perfection of those liens. As further protection, the Debtor is required to maintain adequate insurance coverage on the secured creditors' collateral; remain current on all tax obligations; file outstanding and future tax returns; submit timely monthly operating reports; and refrain from selling collateral subject to liens without prior court approval. The Debtor is not required to make interim monthly protection payments because the secured claim balance listed for CSC is zero. If the Debtor defaults on any obligations, secured creditors must provide notice, and the Debtor will have 10 days to cure the default. Failure to cure may result in termination of cash collateral authority and enforcement remedies by creditors. A final hearing is scheduled for April 1. The order is available at http://bankrupt.com/misc/CRYO-1_2ndCashCollOrder.pdf About CRYO-1 Inc. CRYO-1, Inc. handles sensitive biological materials, including human tissue for medical and research purposes. CRYO-1 sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Case No. 25-80601) on November 28, 2025, listing up to $500,000 in both assets and liabilities. Kenneth Harper, president of CRYO-1, signed the petition. Judge Alfredo R. Perez oversees the case. Gabe Perez, Esq., at Zendeh Del & Associates, PLLC, represents the Debtor as legal counsel. CYPRESSWOOD TX: Unsecured Creditors to Split $10K in Plan --------------------------------------------------------- Cypresswood TX Realty, LLC, submitted an Amended Disclosure Statement describing Amended Plan of Reorganization dated February 13, 2026. The Debtor's Plan is a liquidating plan with the centerpiece being the consensual sale with Merchants Bank of Indiana ("MBI"), the Debtor's secured lender, to market and sell the Debtor's Property, subject to higher and/or better offers. The Plan calls for carveouts from MBI's collateral for the costs and expenses of sale and a $10,000.00 distribution to Allowed Unsecured Claims. In addition, the Debtor will seek to recover from VHS and Crescent the sum of at least $4,955,695.73 in rent and additional rent presently due under the Current Lease. To the extent there is any remaining deficiency after the sale of the Property. MBI also consents to a carve-out from the litigation proceeds for the reasonable costs of obtaining that recovery from VHS and its affiliates. The Plan shall be funded by a combination of: (i) the proceeds from the sale of the Property, together with the net proceeds of the litigation against VHS. Class 1 shall consist of the Allowed MBI Secured Claim. The Plan shall provide for payment of the Allowed Secured Claim of MBI (identified within as Claim Number 3). This distribution will be funded from: a) the net sale proceeds from the Property after payment of Allowed Administration Claims pursuant to the Sale Carve Out and senior liens, if any; b) the net proceeds of the litigation against VHS on the rental arrears and other damages, after the Litigation Carve-out; and c) the Sale Proceeds. This. MBI shall also provide a carve out of $10,000.00 for distribution to Allowed General Unsecured Claims. The Class 1 Claimant is impaired and is entitled to vote on the Plan. Class 2 shall consist of the Allowed General Unsecured Claims. In full satisfaction, settlement, release, and discharge of such Claims, Class 2 Claimants with Allowed Claims, shall receive a pro rata distribution from the sum of $10,000.00, that will be funded from a carve out from MBI's collateral, and from any proceeds from the VHS litigation remaining after payment of all senior classes, together with any net proceeds from the action against VHS after payment of the balance of the MBI claim and the Litigation Carve Out and other Allowed Administration Claims. This distribution will be funded from the Sale Proceeds of the Property. The last date for creditors to file claims was October 6, 2025. The Class 2 Claimants are Impaired and are entitled to vote on the Plan. Class 3 shall consist of all Allowed Equity Interests. Class 3 Equity Interest Holders shall retain their existing Equity Interests only after all allowed claims are paid in full. No distributions will be made to Equity Interest Holders until all creditors receive payment in full with interest. Class 3 Claimants are impaired, are not eligible to vote on the Plan, and are deemed to have rejected the Plan. The Plan shall be funded by a combination of: (i) the proceeds from the Sale of the Property and the proceeds of the litigation against VHS for the rent and additional rent owed by which shall reduce its indebtedness. The Debtor and MBI have negotiated a consensual sale process which provides for agreed bidding terms and carve outs from MBI's collateral to fund the sales process and a Litigation Carve out to fund the litigation against VHS and a Creditor Carve out to fund a minimum distribution to fund a payment to Allowed Unsecured claims under the Plan. A full-text copy of the Amended Disclosure Statement dated February 13, 2026 is available at https://urlcurt.com/u?l=AzgPkB from PacerMonitor.com at no charge. Counsel to the Debtor: Avrum J. Rosen, Esq. Alex E. Tsionis, Esq. Daniel J. LeBrun, Esq. Rosen, Tsionis & Pizzo, PLLC 38 New Street Huntington, NY 11743 Telephone: (631) 423-8527 About Cypresswood TX Realty Cypresswood TX Realty LLC owns a single real estate asset located at 10851 Crescent Moon Dr. in Houston, Texas. Cypresswood TX Realty LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D.N.Y. Case No. 25-72833) on July 23, 2025. In its petition, the Debtor reports total assets of $12,500,000 and total liabilities of $9,539,121. Honorable Bankruptcy Judge Alan S. Trust handles the case. The Debtor is represented by Avrum J. Rosen, Esq., at Rosen, Tsionis & Pizzo, PLLC. CYTTA CORP: Delays Q2 10-Q Filing Due to Auditor Review ------------------------------------------------------- Cytta Corp. disclosed in a regulatory filing that it is unable to file its Quarterly Report on Form 10-Q for the quarter ended December 31, 2025, without unreasonable effort and expense. Additional time is needed to prepare its accounting records and schedules to enable its independent registered public accounting firm to complete its review of the Company's financial statements to be contained in its Quarterly Report on Form 10-Q for the period ended December 31, 2025. It is anticipated that the Form 10-Q, along with the unaudited financial statements, will be filed within the five-day extension period. About Cytta Corp Cytta Corp., headquartered in Las Vegas, Nevada, is focused on developing and marketing advanced streaming and integrated communication products, using technology based upon the SUPR (Superior Utilization of Processing Resources) video compression codec/algorithm and its IGAN (Incident Global Area Network) incident command proprietary software solutions. Cytta currently develops, markets, and distributes proprietary video streaming products and services that improve how video is streamed, consumed, transferred, and stored in enterprise environments. Hackensack, New Jersey-based Prager Metis CPAs, LLC, the Company's former auditor, issued a "going concern" qualification in its report dated Jan. 14, 2025. The report cited that, as of Sept. 30, 2024, the Company had an accumulated deficit of $36.87 million and has generated losses since inception. These factors, among others, raise substantial doubt about the Company's ability to continue as a going concern. As of June 30, 2025, the Company had $5.85 million in total assets, $1.41 million in total liabilities, and $4.04 million in total stockholders' equity. DALRADA FINANCIAL: Delays Q2 10-Q Filing Due to Auditor Review -------------------------------------------------------------- Dalrada Technology Group, Inc. formerly Dalrada Financial Corporation disclosed in a regulatory filing that it is unable without unreasonable effort or expense, to file its Form 10-Q for the quarter ended December 31, 2025, within the prescribed time period due to being in its final review process with its auditors. About Dalrada Dalrada Financial Corporation accelerates change for current and future generations by harnessing true potential and developing products and services that become transformative innovations. It five business divisions: Genefic, Dalrada Climate Technology, Dalrada Precision Manufacturing, Dalrada Technologies, and Dalrada Corporate. Within each of these divisions, the Company drives transformative innovation while creating solutions that are sustainable, accessible, and affordable. Dalrada's global solutions directly address climate change, gaps in the health care industry, and technology needs that facilitate a new era of human behavior and interaction and ensure a bright future for the world around us. San Diego, California-based CM3 Advisory, the Company's auditor since 2024, issued a "going concern" qualification in its report dated September 29, 2025, attached to the Company's Annual Report on Form 10-K for the fiscal year ended June 30, 2025, citing that the Company has suffered recurring losses from operations and has a net capital deficiency that raises substantial doubt about its ability to continue as a going concern. As of September 30, 2025, the Company had $17,984,117 in total assets, $30,582,753 in total liabilities, and $12,598,636 in total stockholders' deficit. DENNER LLC: James Cross Named Subchapter V Trustee -------------------------------------------------- The U.S. Trustee for Region 14 appointed James Cross, Esq., at Cross Law Firm, PLC as Subchapter V trustee for Denner LLC. Mr. Cross will be paid an hourly fee of $625 for his services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Mr. Cross declared that he is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: James E. Cross, Esq. Cross Law Firm, PLC P.O. Box 45469 Phoenix, AZ 85064 Phone: 602-412-4422 Email: jcross@crosslawaz.com About Denner LLC Denner LLC filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. D. Ariz. Case No. 26-01421) on February 17, 2026. Judge Scott H. Gan presides over the case. DGN PHARMACY: Retains Genova Burns LLC as Legal Counsel ------------------------------------------------------- DGN Pharmacy, Inc., d/b/a PersonalRX, seeks approval from the U.S. Bankruptcy Court for the District of New Jersey to retain Genova Burns LLC to serve as its legal counsel. The firm will represent the Debtor-in-Possession in its Chapter 11 bankruptcy proceeding. The partners' hourly rates range from $500 to $950, counsel rates range from $450 to $650, of counsel rates range from $500 to $700, associates' rates range from $325 to $425, and paralegals are billed at $275. The firm will also receive a general retainer of $58,660, plus additional amounts, for a total of $60,398. Genova Burns LLC does not hold or represent an adverse interest to the estate and is a disinterested person under 11 U.S.C. Sec. 101(14), according to court filings. The firm can be reached at: Daniel M. Stolz, Esq. GENOVA BURNS LLC 110 Allen Road, Suite 304 Basking Ridge, NJ 07920 Telephone: (973) 467-2700 E-mail: dstolz@genovaburns.com About DGN Pharmacy, Inc. DGN Pharmacy, Inc. is a New Jersey-based pharmaceutical company engaged in the retail and distribution of prescription medications and healthcare products. DGN Pharmacy, Inc. sought relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. Case No. 26-11520) on February 10, 2026. In its petition, the Debtor reports estimated assets of $10 million-$50 million and estimated liabilities of $10 million-$50 million. Honorable Bankruptcy Judge John K. Sherwood handles the case. The Debtor is represented by Daniel Stolz, Esq. of Genova Burns LLC. DHUKAN GHAR: Retains Triumph Group Real Estate as Realtor --------------------------------------------------------- Dhukan Ghar LLC seeks approval from the U.S. Bankruptcy Court for the District of New Jersey to hire Mohamed Eisa of Triumph Group Real Estate, LLC to serve as a realtor. Mr. Eisa will provide these services: (a) perform independent market research and valuation of the asset; (b) market the property for sale; (c) negotiate the sale; and (d) manage the transaction through closing. Mr. Eisa will receive a 6% commission on the sale of 139-141 Wayne Ave, Paterson NJ 07502. Mohamed Eisa is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code, according to court filings. The professional can be reached at: Mohamed Eisa Triumph Group Real Estate, LLC 139-141 Wayne Ave Paterson, NJ 07502 About Dhukan Ghar LLC Dhukan Ghar LLC, a single-asset real estate company under 11 U.S.C. Section 101(51B), owns and leases the property at 139-141 Wayne Avenue, Paterson, NJ, with a $1.1 million Zillow estimate. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D.N.J. Case No. 25-20999) on October 16, 2025, with $1,102,128 in assets and $456,854 in liabilities. Judge John K. Sherwood oversees the case. David Stevens, Esq. at SCURA, WIGFIELD, HEYER, STEVENS & CAMMAROTA LLP represents the Debtor as legal counsel. DIOCESE OF ALBANY: Taps Lahoud Law Group PC as Immigration Counsel ------------------------------------------------------------------ Roman Catholic Diocese of Albany, New York seeks approval from the U.S. Bankruptcy Court for the Northern District of New York to employ Lahoud Law Group, P.C. as immigration counsel. The firm's services include a revies and confirmation of the immigration status of any clergy from a foreign country serving in the Diocese, identification of all relevant dates, including, for example, visa expiration dates and deadlines for any extension or for preparation of application for permanent resident cards as well as direct communication with any affected clergy to review their immigration status and advice regarding any necessary actions to maintain their ability to remain in the United States. The firm will be paid at these rates: Partners $385 Associates $295 Paralegals $205 Legal Assistants $95 Raymond G. Lahoud, Esq., a partner of Lahoud Law Group, disclosed in a court filing that his firm is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code. The firm can be reached through: Raymond G. Lahoud, Esq. Lahoud Law Group, P.C. Tower 6, 600 Hamilton Street, Suite 300 Allentown, PA 18101 Phone: (484) 544-0022 Email: rgl@raylahoud.com About Roman Catholic Diocese of Albany, New York The Roman Catholic Diocese of Albany is a religious organization in Albany, N.Y. It covers 13 counties in Eastern New York, including a portion of the 14th county. Its Mother Church is the Cathedral of the Immaculate Conception in the city of Albany. New York's Child Victims Act, which took effect in August 2019, temporarily sets aside the usual statute of limitations for lawsuits to give victims of childhood sexual abuse a year to pursue even decades-old claims. Hundreds of new lawsuits have been filed against churches and other institutions since the law took effect on Aug. 14, 2019. Facing the financial weight of new sexual misconduct lawsuits, at least four of the eight Roman Catholic dioceses in the state, has already sought Chapter 11 protection. The dioceses that have declared bankruptcy include the Diocese of Rochester and the Diocese of Rockville Centre on Long Island. The Catholic Diocese of Albany sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D.N.Y. Case No. 23-10244) on March 15, 2023. In the petition filed by Fr. Robert P. Longobucco, the Debtor estimated assets between $10 million and $50 million and liabilities between $50 million and $100 million. Judge Robert E. Littlefield, Jr. oversees the case. The Debtor tapped Nolan Heller Kauffman, LLP as bankruptcy counsel; Tobin and Dempf, LLP as special litigation counsel; Keegan Linscott & Associates, PC as financial advisor; and Bonadio & Co., LLP as accountant. Donlin, Recano & Company, Inc. is the claims and noticing agent. On April 17, 2023, the U.S. Trustee for Region 2 appointed two separate committees to represent unsecured creditors and tort claimants in the Debtor's Chapter 11 case. The unsecured creditors' committee tapped Lemery Greisler, LLC as legal counsel; Dundon Advisors, LLC as financial advisor; and OneDigital Investment Advisors, LLC as special investment consultant. Stinson, LLP and OneDigital Investment Advisors serve as the tort committee's legal counsel and special investment consultant, respectively. DIOCESE OF ALEXANDRIA: Seeks to Extend Plan Exclusivity to April 30 ------------------------------------------------------------------- Diocese of Alexandria asked the U.S. Bankruptcy Court for the Western District of Louisiana to extend its exclusivity periods to file a plan of reorganization and obtain acceptance thereof to April 30 and July 31, 2026, respectively. The Debtor explains that the case is large and complex. The Diocese, a nonprofit religious organization established in 1853, operates an extensive network of parishes, missions, and schools across central Louisiana. The case involves numerous tort claims arising from allegations of childhood sexual abuse, along with complex insurance coverage issues, questions regarding the characterization of donor-restricted funds, and the interplay between federal bankruptcy law, Louisiana civil law, and canon law. In addition, while the Debtor engages in plan negotiations, the nature of this case requires the Debtor to attend to several preliminary complex matters including establishing confidentiality protocols and setting bar dates and bar date notice protocols. The Motion is the Debtor's first request for an extension of the Exclusive Periods and is a modest request of approximately sixty days to file a plan and ninety days to solicit such plan. Continuing the Exclusive Periods will provide the Debtor a meaningful opportunity to negotiate with interested parties and to finalize, solicit, and confirm a plan. Further, given that these extensions will allow the Debtor to finalize the terms of a consensual plan, the extension is to the benefit of other parties in interest and will not prejudice such parties. Rather, the extension will further the Debtor's effort to preserve value and avoid litigation through a consensual plan for the benefit of all parties. The Debtor asserts that it is seeking this extension to finalize negotiations with its constituencies to confirm a consensual plan. This case has not been pending for an unreasonable period of time. The initial Exclusive Filing Period has not yet expired, and this is the Debtor's first request for an extension. The requested extension is modest and well within the statutory caps of 18 months (for filing) and 20 months (for solicitation) imposed by Section 1121(d)(2) of the Bankruptcy Code. Diocese of Alexandria is represented by: GOLD, WEEMS, BRUSER, SUES & RUNDELL Bradley L. Drell, Esq. Heather M. Mathews, Esq. 2001 MacArthur Drive P.O. Box 6118 Alexandria, LA 71307 Telephone (318) 445-6471 Facsimile (318) 445-6476 Email: bdrell@goldweems.com hmathews@goldweems.com Mark T. Benedict, Esq. HUSCH BLACKWELL LLP 4801 Main Street, Suite 1000 Kansas City, MO 64112 Telephone (816) 983-8000 Facsimile (816) 983-8080 Email: mark.benedict@huschblackwell.com - and - Francis H. LoCoco, Esq. Bruce G. Arnold, Esq. Lindsey M. Greenawald, Esq. 511 North Broadway, Suite 1100 Milwaukee, WI 53202 Telephone (414) 273-2100 Facsimile (414) 223-5000 Email: frank.lococo@huschblackwell.com bruce.arnold@huschblackwell.com lindsey.greenawald@huschblackwell.com About Diocese of Alexandria Diocese of Alexandria in Louisiana, established as the Diocese of Natchitoches on July 29, 1853, by Pope Pius IX and later relocated to Alexandria, serves as the ecclesiastical authority for the Catholic Church in north-central Louisiana. Headquartered at 4400 Coliseum Boulevard and led by Bishop Robert W. Marshall Jr., it encompasses 50 parishes and 21 mission churches across 13 civil parishes, with St. Francis Xavier Cathedral as its cathedral church. The Diocese operates as a Louisiana non-profit religious corporation and 501(c) (3) organization, providing spiritual, educational, and charitable services to roughly 36,228 Catholics across an 11,108-square-mile area. Diocese of Alexandria sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D. La. Case No. 25-31257) on October 31, 2025. In its petition, the Debtor reports total assets of $16,667,411 and total liabilities of $9,467,288. Honorable Bankruptcy Judge John S. Hodge oversees the case. The Debtor is represented by Bradley L. Drell, Esq. of GOLD, WEEMS, BRUSER, SUES & RUNDELL. DIRECT PLUMBING: Hires Rosenstein & Associates as Legal Counsel --------------------------------------------------------------- Direct Plumbing & Drains, Inc. seeks approval from the U.S. Bankruptcy Court for the Central District of California to hire the Law Firm of Rosenstein & Associates as counsel. The firm will provide these services: a. examine claims of creditors in order to determine their validity; b. provide legal advice to the Debtor in connection with the administration of its bankruptcy estate; c. defend any actions brought for relief from the automatic stay; d. determine special treatment and payment of pre-bankruptcy obligations; e. comply with the U.S. Trustee's reporting requirements; f. draft a plan of reorganization and disclosure statement; g. object to claims as may be appropriate; h. act on behalf of the Debtor in any and all bankruptcy law matters, which may arise in the course of the bankruptcy case; and i. defend or prosecute any matters related to litigation before the bankruptcy court or any other court of appropriate jurisdiction. The firm will be paid at these rates: Robert B. Rosenstein $550 per hour Paul E. Evenson $525 per hour Other Attorneys $475 per hour Paralegals $195 per hour In addition, the firm will receive reimbursement for its out-of-pocket expenses. The firm received a $7,500 pre-filing deposit. Robert Rosenstein, Esq., principal of the Law Firm of Rosenstein & Associates, disclosed in a court filing that his firm is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code. Rosenstein & Associates can be reached at: Robert B. Rosenstein, Esq. Law Firm of Rosenstein & Associates 28600 Mercedes Street, Suite 100 Temecula, CA 92590 Tel: (951) 296-3888 Fax: (951) 296-3889 Email: robert@thetemeculalawfirm.com About Direct Plumbing & Drains Inc. Direct Plumbing & Drains Inc. sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. C.D. Cal. Case No. 26-10402) with $0 to $50,000 in assets and $1,000,001 to $10 million liabilities. The petition was signed by Jerald Garcia II as president. The Debtor is represented by Robert B Rosenstein, Esq. at Rosenstein & Associates. DREAMS AND DESTINATIONS: Ashley Rusher Named Subchapter V Trustee ----------------------------------------------------------------- The U.S. Bankruptcy Administrator for the Middle District of North Carolina appointed Ashley Rusher as Subchapter V trustee for Dreams and Destinations, Inc. Ms. Rusher will be paid an hourly fee of $375 for her services as Subchapter V trustee and will be reimbursed for work related expenses incurred. Ms. Rusher declared that she is a disinterested person according to Section 101(14) of the Bankruptcy Code. About Dreams and Destinations Inc. Dreams and Destinations, Inc. sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D.N.C. Case No. 26-10095) on February 13, 2026, with up to $50,000 in assets and $500,001 to $1 million in liabilities. Samantha K. Brumbaugh, Esq., at Ivey, Mcclellan, Siegmund, Brumbaugh & Mcdonough, LLP represents the Debtor as legal counsel. EARLY AMERICAN: Unsecureds Will Get 3% via Quarterly Payments ------------------------------------------------------------- Early American Pittsburgh, Inc., filed with the U.S. Bankruptcy Court for the Western District of Pennsylvania a Small Business Plan of Reorganization dated February 11, 2026. The Debtor operates a candle manufacturing and e-commerce business in Western Pennsylvania. The Debtor in its current form was purchased as an already operating candle business by the Debtor and is owned and operated by Jeffrey Knapton and Timothy Goodwin. The Debtor lost a large manufacturing customer which led to the Debtor falling behind on taxes and taking various loans to meet business expenses. The Chapter 11 case was filed to halt collections and allow the Debtor to make changes to operations to become profitable. The Plan proposes to pay the Debtor's creditors from cash flow from operations. The Plan proposes to pay administrative claims in full unless otherwise agreed. The Debtor estimates approximately 3% dividend will be paid on account of general unsecured claims pursuant to the Plan. Class 2 consists of General Unsecured Claims. Undisputed, known Class 2 General unsecured Claims total $1,011,013.35. The Debtor shall make distribution of $1,517.00 per quarter that shall be divided and paid pro-rata to all allowed Class 2 claims. Payments shall begin on or before the last day of the third month following the effective date of the Plan. Subsequent payments shall be made by the Debtor on a quarterly basis on or before the last day of the month every third month thereafter for a total of 20 quarterly payments. Total payment to Class 2 creditors shall be $30,340.00, which will pay all allowed and currently known General Unsecured Creditors approximately 3% of their allowed claims. Disputed Class 2 claims will not receive any distributions pursuant to the Plan. Any Class 2 creditor who has an outstanding UCC filing against the Debtor, shall have 30 days after the Effective Date to satisfy, remove, and/or extinguish any liens against the assets of the Debtor supported by a UCC filing. The creditor shall file said satisfaction/termination with the appropriate state office. Class 3 consists of Equity Interest Holders. * Timothy Goodwin's 50% membership interest shall be relinquished back to Early American Pittsburgh, Inc. for the consideration of $1.00 on or before the effective date of the Plan. As a result, Jeffrey Knapton shall have 100% of the outstanding shares in the Debtor. * Timothy Goodwin's 50% membership interest shall be relinquished back to Early American Pittsburgh, Inc. for the consideration of $1.00 on or before the effective date of the Plan. As a result, Jeffrey Knapton shall have 100% of the outstanding shares in the Debtor. The Plan will be funded through the ongoing revenue of the Debtor's candle manufacturing business. A full-text copy of the Plan of Reorganization dated February 11, 2026 is available at https://urlcurt.com/u?l=moIHjt from PacerMonitor.com at no charge. Counsel to the Debtor: Christopher M. Frye, Esq. Steidl & Steinberg, PC Koppers Building, Suite 322 436 Seventh Avenue Pittsburgh, PA 15219 Telephone: (412) 391-8000 Email: chris.frye@steidl-steinberg.com About Early American Pittsburgh Early American Pittsburgh, Inc., operates a candle manufacturing and e-commerce business in Western Pennsylvania. The Debtor filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. W.D. Pa. Case No. 25-22453) on Sept. 12, 2025, listing up to $100,000 in assets and up to $1 million in liabilities. Christopher M. Frye, Esq., at Steidl & Steinberg, PC serves as the Debtor's counsel. EDGE DOCUMENT: Plan Filing Deadline Extended to March 19 -------------------------------------------------------- Judge James M. Carr of the U.S. Bankruptcy Court for the Southern District of Indiana extended EDGE Document Solutions, LLC's period during which the company can file a plan and disclosure statement to March 19, 2026. In a court filing, the Court entered the Order Authorizing Sale of Substantially All of Debtor's Assets Pursuant to Section 363 of the Bankruptcy Code Free and Clear of Liens, Claims, Interests, and Encumbrances ("Sale Order") whereby Debtor obtained this Court's authority to sell its assets (the "Assets") to Software Solutions, Inc. (the "Purchaser") for $69,000.00 ("Sale Proceeds") on February 11, 2026. The Debtor explains that the company and Purchaser are working towards a closing on the sale of the Assets, and pursuant to the Sale Order, the Sale Proceeds will be paid to Debtor's counsel and held in trust subject to further order of this Court. The Debtor claims that the company and its counsel are reviewing whether to file a plan of liquidation or a structured dismissal, and additional time is needed to review and prepare pleadings. The interests of all parties are best served by allowing Debtor an extension of time. EDGE Document Solutions LLC is represented by: John J. Allman, Esq. Allman Kight Hester LLC 54 Monument Circle, Suite 501 Indianapolis, IN 46204 (317) 833-3030 Fax: (317) 833-3031 Email: jallman@akhlaw.com About EDGE Document Solutions EDGE Document Solutions, LLC provides print and digital document management solutions for clients in education, municipal, and commercial sectors. It develops and integrates software systems for eDocuments and electronic content management while continuing to support traditional print and mailing needs such as checks and forms. EDGE Document Solutions filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. S.D. Ind. Case No. 25-06350) on Oct. 17, 2025, listing total assets of $112,146 and total liabilities of $1,198,635. Judy Wolf Weiker of Manewitz Weiker Associates, LLC is the Subchapter V trustee. Honorable Bankruptcy Judge James M. Carr handles the case. The Debtor is represented by John Allman, Esq., at Hester Baker Krebs, LLC. ENCOMPASS ENTERPRISE: Taps RoganMillerZimmerman as Local Counsel ---------------------------------------------------------------- Encompass Enterprise, LLC seeks approval from the U.S. Bankruptcy Court for the District of Maryland to hire RoganMillerZimmerman, PLLC, as local counsel. The firm's services include: (a) preparing and filing the Debtor's schedules, statements of financial affairs, and other motions and pleadings required in this case; (b) advising the Debtor as to its responsibilities under the Bankruptcy Code; (c) evaluating and preparing a plan of reorganization; (d) negotiating with the Debtor's creditors with respect to the Debtor's reorganization efforts; (f) evaluating and, to the extent necessary, objecting to the various claims against the Debtor's estate; (g) reviewing monthly reports and preparing the same for filing; and (h) providing such other services as may be required in the administration of the Debtor's estate. The firm's current hourly rate is $520. RoganMillerZimmerman receive an initial retainer of $15,000. Christopher L. Rogan, Esq., a principal of RoganMillerZimmerman, assured the court that the firm is a "disinterested person" within the meaning of 11 U.S.C. 101(14). The firm can be reached through: Christopher L. Rogan, Esq. RoganMillerZimmerman, PLLC 50 Catoctin Circle, NE, Ste 300 Leesburg, VA 20176 Tel: (703) 777-8850 Fax: (703) 777-8850 Email: crogan@rmzlawfirm.com About Encompass Enterprises LLC Encompass Enterprises LLC provides residential and commercial construction and renovation services, including garage door and awning installation, handyman services, decorative surface applications, and steel structure construction, serving customers in Southern Maryland and surrounding areas including Washington, DC and Virginia. Encompass Enterprises LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-11403) on February 10, 2026. In its petition, the Debtor reports estimated assets of $100,001-$1,000,000 and estimated liabilities of $1 million-$10 million. Judge Maria Ellena Chavez-Ruark oversees the case. Rogan Miller Zimmerman, PLLC is Debtor's proposed local legal counsel. FALLS OF BRAEBURN: Gets Extension to Access Cash Collateral ----------------------------------------------------------- Falls of Braeburn, LLC and its affiliates received another extension from the U.S. Bankruptcy Court for the Southern District of Texas to use cash collateral to fund operations. The court issued a fourth interim order authorizing the Debtors to use cash collateral under a four-week budget, capping expenditures at 110% of each line item. As protection from any diminution in the value of their collateral, secured lenders, Wells Fargo Bank, N.A. and Argentic Real Estate Finance 2, LLC, will be granted replacement liens on all of the Debtors' pre-bankruptcy collateral. In addition, the court ordered the Debtors to pay the secured lenders for the interest expense and reserve escrow budget line items, with payments due this month ($774,772.26) and on February 5, ($184,184.92). Failure to cure any missed payment permits the secured lenders to terminate the Debtors' authority to use cash collateral. A final hearing is scheduled for March 17. A copy of the third interim order and the Debtor's budget is available at https://shorturl.at/OhEBt from PacerMonitor.com. As of the petition date, the Debtors owed about $64.5 million to Wells Fargo under a 2024 loan agreement; about $29 million to Argentic; and about $800,000 in unsecured debt to various utilities. About Falls of Braeburn LLC Falls of Braeburn, LLC, Falls of Chelsea Lane, LLC, Northwest Miami Gardens, LP, and Falls of Westpark Apartments, Ltd. are privately held real estate investment companies based in Houston, Texas, specializing in ownership and management of apartment complexes. Falls of Braeburn and its affiliates filed their voluntary petitions for relief under Chapter 11 of the Bankruptcy Code (Bankr. S.D. Texas Lead Case No. 25-90602) on November 3, 2025. At the time of filing, the Debtor listed $10 million to $50 million in both assets and liabilities. The petitions were signed by Siri Khalsa as authorized representative. Judge Christopher M Lopez presides over the case. Matthew S. Okin, Esq., at Okin Adams Bartlett Curry, LLP represents the Debtor as legal counsel. FIRST BRANDS: Onset Financial Hits Back at $2.9-Bil. Fraud Lawsuit ------------------------------------------------------------------ Emily Lever of Law360 reports that Onset Financial Inc. is challenging a $2.9 billion adversary complaint brought by First Brands Group LLC in Texas bankruptcy court, contending that it was a casualty of the company's collapse, not a participant in fraud. In its response, the lender said it provided funding in accordance with contractual arrangements and industry standards, rejecting assertions that it engaged in improper conduct. Onset argued that the debtor's narrative attempts to shift responsibility for the events leading up to the Chapter 11 filing, the report states. Asking the court to dismiss the case, Onset said the complaint fails to substantiate its claims and improperly seeks to impose massive liability on a creditor that acted within its rights. About First Brands Group Rochester Hills, Mich.-based First Brands Group, LLC is a global supplier of aftermarket automotive parts. On September 24, 2025, the Company's non-operational special purpose entities, Global Assets LLC, Global Lease Assets Holdings, LLC, Carnaby Capital Holdings, LLC, Broad Street Financial Holdings, LLC, Broad Street Financial, LLC, Carnaby Inventory II, LLC, Carnaby Inventory Holdings II, LLC, Carnaby Inventory III, LLC, Carnaby Inventory Holdings III, LLC, Patterson Inventory, LLC, Patterson Inventory Holdings, LLC, Starlight Inventory I, LLC and Starlight Inventory Holdings I, LLC each filed a voluntary petition for relief under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of Texas. Commencing on September 28, 2025, First Brands Group, LLC and 98 affiliated debtors each filed a voluntary petition for relief under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of Texas. In its petition, First Brands Group listed $1 billion to $10 billion in estimated assets and $10 billion to $50 billion in estimated liabilities. The cases are pending before the Hon. Christopher M. Lopez, and are jointly administered under Case No. 25-90399, and consolidated for procedural purposes only. The Debtors tapped Weil, Gotshal and Manges, LLP as legal counsel; Lazard Freres & Co. as investment banker; Alvarez & Marsal North America, LLC as financial advisor; and C Street Advisory Group as strategic communications advisor. Kroll Restructuring Administration, LLC is the Debtors' claims, noticing and solicitation agent. Gibson, Dunn & Crutcher, LLP and Evercore serve as the Ad Hoc Group of Lenders' legal counsel and investment banker, respectively. The U.S. Trustee for Region 7 appointed an official committee to represent unsecured creditors in the Debtors' Chapter 11 cases. FIT AND FUN: Gets Final OK to Use Cash Collateral ------------------------------------------------- The U.S. Bankruptcy Court for the Southern District of New York entered a stipulation and final order authorizing Fit and Fun Playscapes, LLC to use the cash collateral of M&T Bank. Under the order, the Debtor is authorized to use cash collateral through May 31, subject to a court-approved operating budget and compliance with reporting and operational requirements. As adequate protection, M&T Bank was granted replacement liens on substantially all existing and after-acquired assets of the Debtor to protect against any decline in collateral value. In addition, the Debtor must make monthly adequate protection payments of $1,365 beginning this month and provide detailed financial reporting, including monthly operating reports and access to financial records. The secured creditor also retains superpriority claim rights under the Bankruptcy Code. The order requires the Debtor to maintain appropriate insurance coverage and comply with all obligations under the agreement. Authorization to use cash collateral will terminate if the Debtor's Chapter 11 case is dismissed or converted, a reorganization plan is confirmed, the Debtor defaults and fails to cure within the allowed period, or business operations cease. The order is available at http://bankrupt.com/misc/Fit&Fun_CashCollOrder.pdf Fit and Fun's available cash, receivables, and proceeds from inventory and equipment are all subject to liens held by the M&T Bank and the U.S. Small Business Administration. Access to this cash collateral is essential to paying payroll, rent, utilities, insurance, software subscriptions, packaging, equipment upkeep, and other routine business expenses required to keep the Debtor functioning. The Debtor faced financial strain leading to bankruptcy from a costly intellectual property lawsuit, declining school orders due to federal funding changes, and seasonal academic revenue cycles. About Fit and Fun Playscapes LLC Fit and Fun Playscapes, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. N.Y. Case No. 25-36245) on December 8, 2025. In the petition signed by Pamela A. Gunther, managing member, the Debtor disclosed up to $500,000 in assets and up to $1 million in liabilities. Judge Kyu Young Paek oversees the case. Michelle L. Trier, Esq., at Genova, Malin & Trier, LLP, represents the Debtor as legal counsel. FLEXSHOPPER INC: Hires Williams Simons & Landis as Counsel ---------------------------------------------------------- FlexShopper, Inc. and its affiliates seek approval from the U.S. Bankruptcy Court for the District of Delaware to hire Williams Simons & Landis PC as their litigation counsel nunc pro tunc to January 21, 2026. The firm will represent the Debtors in the Katapult Litigation in coordination with other advisors. The firm's hourly rates are: Partners $1150-1350 Associates and Special Counsel $700-900 Paraprofessionals $360 Case Clerks $100 Williams Simons & Landis PC is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code, according to court filings. The firm can be reached at: Fred I. Williams, Esq. WILLIAMS SIMONS & LANDIS PC 106 East Sixth Street, Suite 900-168 Austin, TX 78701 Telephone: (512) 543-1354 E-mail: fwilliams@wsltrial.com About FlexShopper, Inc. FlexShopper, Inc. provides consumer financing services focused on lease-to-own and lending products, enabling consumers to obtain durable goods such as electronics and home furnishings through its e-commerce marketplace. It operates as an intermediary by approving consumers through a proprietary underwriting model, purchasing goods from merchant and other supply partners, and leasing them to end users, while also offering consumer loan products through affiliated platforms and third-party arrangements. FlexShopper and its affiliates sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bank. D. Del., Lead Case No. 25-12254) on December 22, 2025. The Debtors reported $50 million to $100 million in estimated assets and $100 million to $500 million in estimated liabilities. The petitions were signed by Matthew Doheny as chief restructuring officer. The Honorable Bankruptcy Judge Laurie Selber Silverstein handles the cases. The Debtors tapped Morris, Nichols, Arsht & Tunnell LLP as counsel; Glassratner Advisory & Capital Group, LLC as financial advisor; Two Roads Advisors LLC as investment banker; and Epiq Corporate Restructuring LLC as claims and noticing agent. FLOAT ALASKA: Seeks to Employ Sage Popovich as Sales Agent ---------------------------------------------------------- FLOAT Alaska LLC and its affiliates seek approval from the U.S. Bankruptcy Court for the District of Delaware to hire Sage Popovich, Inc. as sales agent. The firm will provide these services: (a) arrange the sale or other disposition of the Aircraft Assets; (b) identify prospective purchasers for the Aircraft Assets; and (c) promote and advertise the availability for sale of the Aircraft Assets through industry-specific periodicals and other publications, engage with interested parties and address due diligence requests, coordinate physical inspections of the Aircraft Assets, and negotiate and present viable offers to the Debtors. Sage Popovich will receive compensation based on these fee structure: three percent of the purchase price of any aircraft sales that include engines; five percent of the purchase price of any aircraft sales that exclude engines; five percent of the purchase price of any engine sales; twelve percent of the purchase price of any sale of APU or other non-engine aircraft parts; and four percent of the purchase price of a Federal Aviation Administration Part 121 certificate. Sage Popovich will also seek reimbursement of expenses up to a capped amount of $25,000. Sage Popovich's customary hourly rates range between $55 and $750 for declarations or testimony beyond seven hours. Sage Popovich is a "disinterested person" within the meaning of section 101(14) of the Bankruptcy Code, according to court filings. The firm can be reached at: Nick Popovich Petar Todorovic Sage-Popovich, Inc. 1851 Hayes Leonard Rd Valparaiso, IN 46385 Telephone: (219) 464-8320 E-mail: info@sage-popovich.com About FLOAT Alaska LLC FLOAT Alaska LLC is an Anchorage, Alaska-based holding company that owns and operates regional and planned transpacific airline services through its subsidiaries. Its operations include New Pacific Airlines, Inc., which provides passenger and cargo flights across Alaska and plans broader international routes; Corvus Alaska Holdings Inc. and FLOAT Alaska Holdings LLC, which manage airline operations and corporate assets; FLOAT Alaska IP LLC, which oversees intellectual property and branding; and FlyCoin, Inc., a blockchain-based airline loyalty platform. FLOAT Alaska LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Lead Case No. 26-10075) on Jan. 26, 2026. In the petitions signed by Thomas Hsieh, manager, FLOAT Alaska disclosed up to $10 million in estimated assets and up to $50 million in estimated liabilities. Judge Craig T. Goldblatt oversees the cases. The Debtors tapped Saul Ewing LLP as bankruptcy counsel and Stretto, Inc. as claims and noticing agent. FLOAT ALASKA: Seeks to Hire Saul Ewing LLP as Bankruptcy Counsel ---------------------------------------------------------------- FLOAT Alaska LLC and its affiliates seek approval from the U.S. Bankruptcy Court for the District of Delaware to hire Saul Ewing LLP to serve as bankruptcy counsel. The firm will provide these services: (a) advising the Debtors regarding their powers and duties as debtors in possession in compliance with the Bankruptcy Code, Bankruptcy Rules and other applicable law; (b) advising and representing the Debtors with respect to their comprehensive sale process under section 363 of the Bankruptcy Code; (c) advising and representing the Debtors regarding financing and the use of cash collateral; (d) advising the Debtors regarding the assumption and rejection of executory contracts and leases; (e) prosecuting confirmation of a chapter 11 plan and approval of a disclosure statement; (f) preparing, on behalf of the Debtors, necessary applications, motions, answers, orders, reports, and other legal papers; (g) appearing in Court and protecting the interests of the Debtors before the Court; (h) providing assistance, advice and representation regarding the assets, liabilities and financial condition of the Debtors; (i) representing the Debtors in negotiations and communications with their creditors and parties in interest; and (j) performing all other services appropriately assigned by the Debtors to Saul Ewing as counsel to the Debtors. The attorneys expected to be primarily responsible for representing the Debtors, and their current standard hourly rates for 2026 are: Zev M. Shechtman Partner $850 Paige N. Topper Counsel $590 Nicholas Smargiassi Associate $415 Saul Ewing's hourly rates for other attorneys and professionals are: Partners $595-$1,285 Counsel $590-$1,440 Associates $350-$645 Paraprofessionals $135-$450 The firm received an initial retainer of $250,000, with subsequent replenishments totaling $630,000, and held an advance payment balance of $224,875.63 as of the petition date. Saul Ewing LLP is a "disinterested person" within the meaning of section 101(14) of the Bankruptcy Code, according to court filings. The firm can be reached at: Paige N. Topper, Esq. Nicholas Smargiassi, Esq. SAUL EWING LLP 1201 N. Market Street, Suite 2300 Wilmington, DE 19801 Telephone: (302) 421-6800 E-mail: paige.topper@saul.com nicholas.smargiassi@saul.com - and - Zev Shechtman, Esq. SAUL EWING LLP 1888 Century Park East, Suite 1500 Los Angeles, CA 90067 Telephone: (310) 255-6100 E-mail: zev.shechtman@saul.com About FLOAT Alaska LLC FLOAT Alaska LLC is an Anchorage, Alaska-based holding company that owns and operates regional and planned transpacific airline services through its subsidiaries. Its operations include New Pacific Airlines, Inc., which provides passenger and cargo flights across Alaska and plans broader international routes; Corvus Alaska Holdings Inc. and FLOAT Alaska Holdings LLC, which manage airline operations and corporate assets; FLOAT Alaska IP LLC, which oversees intellectual property and branding; and FlyCoin, Inc., a blockchain-based airline loyalty platform. FLOAT Alaska LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Lead Case No. 26-10075) on Jan. 26, 2026. In the petitions signed by Thomas Hsieh, manager, FLOAT Alaska disclosed up to $10 million in estimated assets and up to $50 million in estimated liabilities. Judge Craig T. Goldblatt oversees the cases. The Debtors tapped Saul Ewing LLP as bankruptcy counsel and Stretto, Inc. as claims and noticing agent. FLOAT ALASKA: Seeks to Hire Stretto Inc as Administrative Advisor ----------------------------------------------------------------- FLOAT Alaska LLC and its affiliates seek approval from the U.S. Bankruptcy Court for the District of Delaware to appoint Stretto, Inc. as administrative advisor in their Chapter 11 cases. The firm will provide these services: (a) assist with, among other things, solicitation, balloting, and tabulation of votes; prepare any related reports, as required in support of confirmation of a chapter 11 plan; (b) prepare an official ballot certification and, if necessary, testify in support of the ballot tabulation results; (c) assist with the preparation of the Debtors' schedules of assets and liabilities and statements of financial affairs and gather data in conjunction therewith; (d) manage and coordinate any distributions pursuant to a chapter 11 plan if designated as distribution agent under such plan; and (e) provide such other solicitation, balloting and other administrative services as may be requested from time to time by the Debtors, the Bankruptcy Court or the Office of the Clerk of the Bankruptcy Court. The fees Stretto will charge are set forth in the Engagement Agreement, and Stretto will seek reimbursement for reasonable expenses. Prior to the petition date, the Debtors provided Stretto an advance in the amount of $25,000. Stretto intends to apply to the Bankruptcy Court for allowance of compensation and reimbursement of expenses incurred after the petition date. Stretto is a "disinterested person" within the meaning of section 101(14) of the Bankruptcy Code and does not hold or represent any interest materially adverse to the Debtors’ estates, according to court filings. The firm can be reached at: Sheryl Betance Stretto, Inc. 410 Exchange, Ste. 100 Irvine, CA 92602 Telephone: (714) 716-1872 E-mail: sheryl.betance@stretto.com About FLOAT Alaska LLC FLOAT Alaska LLC is an Anchorage, Alaska-based holding company that owns and operates regional and planned transpacific airline services through its subsidiaries. Its operations include New Pacific Airlines, Inc., which provides passenger and cargo flights across Alaska and plans broader international routes; Corvus Alaska Holdings Inc. and FLOAT Alaska Holdings LLC, which manage airline operations and corporate assets; FLOAT Alaska IP LLC, which oversees intellectual property and branding; and FlyCoin, Inc., a blockchain-based airline loyalty platform. FLOAT Alaska LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Lead Case No. 26-10075) on Jan. 26, 2026. In the petitions signed by Thomas Hsieh, manager, FLOAT Alaska disclosed up to $10 million in estimated assets and up to $50 million in estimated liabilities. Judge Craig T. Goldblatt oversees the cases. The Debtors tapped Saul Ewing LLP as bankruptcy counsel and Stretto, Inc. as claims and noticing agent. FLOAT ALASKA: Seeks to Retain Ordinary Course Professionals ----------------------------------------------------------- FLOAT Alaska LLC and its affiliates seek approval from the U.S. Bankruptcy Court for the District of Delaware to retain certain professionals utilized in the ordinary course of business effective as of the petition date. The Ordinary Course Professionals are: Barnes & Thornburg LLP -- Litigation and FAA Counsel CliftonLarsonAllen LLP -- Tax Consulting Hogan Lovells US LLP -- Department of Transportation Counsel Armanino LLP -- Tax Consulting The Debtors will be authorized to pay each Ordinary Course Professional 100 percent of the fees and expenses incurred upon submission of an invoice, provided that such fees and expenses do not exceed an average of $25,000 per month on an annualized basis or $75,000 in the aggregate for any calendar quarter. Any post-petition fees and expenses payable in excess of the applicable cap shall be subject to court approval. The Debtors do not believe that any of the Ordinary Course Professionals have an interest materially adverse to the Debtors, their creditors, or any other parties in interest, according to court filings. About FLOAT Alaska LLC FLOAT Alaska LLC is an Anchorage, Alaska-based holding company that owns and operates regional and planned transpacific airline services through its subsidiaries. Its operations include New Pacific Airlines, Inc., which provides passenger and cargo flights across Alaska and plans broader international routes; Corvus Alaska Holdings Inc. and FLOAT Alaska Holdings LLC, which manage airline operations and corporate assets; FLOAT Alaska IP LLC, which oversees intellectual property and branding; and FlyCoin, Inc., a blockchain-based airline loyalty platform. FLOAT Alaska LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Lead Case No. 26-10075) on Jan. 26, 2026. In the petitions signed by Thomas Hsieh, manager, FLOAT Alaska disclosed up to $10 million in estimated assets and up to $50 million in estimated liabilities. Judge Craig T. Goldblatt oversees the cases. The Debtors tapped Saul Ewing LLP as bankruptcy counsel and Stretto, Inc. as claims and noticing agent. FLOAT ALASKA: Taps Sherwood Partners as Financial Advisor --------------------------------------------------------- FLOAT Alaska LLC and its affiliates seek approval from the U.S. Bankruptcy Court for the District of Delaware to hire Sherwood Partners Inc. as financial advisor. The firm will provide these services: (a) advise and assist in the preparation of the first day motions, communication plans, and cash management procedures; (b) develop cash collateral and a DIP financing budget; (c) negotiate with the Debtors' secured lender or DIP lender to seek consent to use of cash collateral and arrange for appropriate DIP financing; (d) assist with options/strategies to deal with critical vendors, if any; (e) analyze executory contracts and assist in the preparation of motions to assume key contracts, if any; (f) assist in the preparation of the Statement of Financial Affairs, Schedule of Assets and Liabilities, Monthly Operating Reports and other reporting requirements; (g) develop weekly budget to actual cash variance reports, update cash flow forecast and revise assumptions as appropriate; (h) provide assistance in regards to day-to-day operations and process improvements as necessary; (i) provide required reporting and variance reports as required by the DIP lender; (j) assist the Debtors in communications with any official committee appointed in these cases and manage the form and content of reports and other financial information requested by such committee; and (k) provide such other services as necessary for a bankruptcy filing and as mutually agreed upon by Sherwood and the Debtors. Sherwood Partners' professional fees will be calculated based on hourly billing rates, including $665 for Senior Managing Director, $545 for Managing Director, and $400 to $625 for other personnel, plus reimbursement of reasonable out-of-pocket expenses. Sherwood Partners is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code, according to court filings. The firm can be reached at: Jarod Wada Michael A. Maidy Sherwood Partners, Inc. 3945 Freedom Circle, Suite 560 Santa Clara, CA 95054 E-mail: mam@sherwoodpartners.com About FLOAT Alaska LLC FLOAT Alaska LLC is an Anchorage, Alaska-based holding company that owns and operates regional and planned transpacific airline services through its subsidiaries. Its operations include New Pacific Airlines, Inc., which provides passenger and cargo flights across Alaska and plans broader international routes; Corvus Alaska Holdings Inc. and FLOAT Alaska Holdings LLC, which manage airline operations and corporate assets; FLOAT Alaska IP LLC, which oversees intellectual property and branding; and FlyCoin, Inc., a blockchain-based airline loyalty platform. FLOAT Alaska LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Lead Case No. 26-10075) on Jan. 26, 2026. In the petitions signed by Thomas Hsieh, manager, FLOAT Alaska disclosed up to $10 million in estimated assets and up to $50 million in estimated liabilities. Judge Craig T. Goldblatt oversees the cases. The Debtors tapped Saul Ewing LLP as bankruptcy counsel and Stretto, Inc. as claims and noticing agent. FOUR CORNERS: Case Summary & Five Unsecured Creditors ----------------------------------------------------- Debtor: Four Corners Foot and Ankle, P.C. 1266 Escalante Drive Unit 201 Durango, CO 81301 Business Description: Four Corners Foot and Ankle, P.C., based in Durango, Colorado, provides podiatric care focused on diagnosing and treating conditions affecting the feet, ankles, and lower legs, including bunions, heel pain, hammertoes, and diabetic foot issues. The practice offers both conservative treatments and minimally invasive surgery, aiming to restore mobility and alleviate pain for patients. It serves individuals seeking specialized medical attention for musculoskeletal and dermatological foot concerns. Chapter 11 Petition Date: February 20, 2026 Court: United States Bankruptcy Court District of Colorado Case No.: 26-11002 Judge: Hon. Michael E Romero Debtor's Counsel: Keri L. Riley, Esq. 1660 Lincoln St. Denver, CO 80264 Tel: (303) 832-2400 E-mail: klr@kutnerlaw.com Total Assets: $1,220,464 Total Liabilities: $8,948,216 The petition was signed by Kayse Lake as authorized representative of the Debtor. A copy of the Debtor's list of its five unsecured creditors is available for free on PacerMonitor at: https://www.pacermonitor.com/view/V3YZUWQ/Four_Corners_Foot_and_Ankle_PC__cobke-26-11002__0003.0.pdf?mcid=tGE4TAMA A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/VSZEUFQ/Four_Corners_Foot_and_Ankle_PC__cobke-26-11002__0001.0.pdf?mcid=tGE4TAMA FRANCESCA'S ACQUISITION: Hires Mandelbaum Barrett as Counsel ------------------------------------------------------------ Francesca's Acquisition, LLC seeks approval from the U.S. Bankruptcy Court for the District of New Jersey to hire Mandelbaum Barrett PC to serve as bankruptcy counsel. Mandelbaum Barrett PC will provide these services: (a) advise the Debtors of their rights, powers, and duties as a debtor-in-possession in continuing to operate and manage its business and assets; (b) advise and consult Debtors on the conduct of these Chapter 11 cases, including all legal and administrative requirements of operating in Chapter 11; (c) attend meetings and negotiations with representatives of creditors and other parties-in-interest; (d) take all necessary actions to protect and preserve Debtors' estate, including prosecuting actions on Debtors' behalf, defending any action commenced against Debtors, and representing Debtors in negotiations concerning litigation in which Debtors are involved, including objections to claims filed against Debtors' estate; (e) review the nature and validity of agreements relating to Debtors' business and property and advise the Debtors in connection therewith; (f) review the nature and validity of liens, if any, asserted against Debtors and advise as to the enforceability of such liens; (g) advise Debtors concerning the actions Debtors might take to collect and recover property for the benefit of their estate; (h) prepare on Debtors' behalf all necessary and appropriate applications, motions, pleadings, orders, notices, petitions, schedules, and other documents, and review all financial and other reports to be filed in the Debtors' Chapter 11 cases; (i) advise Debtors concerning, and preparing responses to, applications, motions, pleadings, notices, and other papers which may be filed in the Debtors' Chapter 11 cases; (j) represent Debtors in connection with obtaining authority to continue using cash collateral and post-petition financing; (k) appear before the Court and any appellate courts to represent the interests of Debtors' estates; (l) advise Debtors concerning tax matters; (m) advise Debtors in connection with any potential sale of assets; (n) counsel Debtors in connection with formulation, negotiation and promulgation of a Chapter 11 Plan; (o) litigation with respect to competing plans; and (p) perform all other legal services for and on behalf of the Debtors which may be necessary or appropriate in the administration of their Chapter 11 case. The firm's current hourly rates are $450-$900 for partners, $450-$725 for of counsel, $300-$580 for associates, and $200-$400 for paralegals. Vincent J. Roldan's billing rate is $775 per hour. The Debtors paid Mandelbaum $206,952 as a retainer prior to filing, with $27,495.62 remaining as of the petition date. Mandelbaum Barrett PC is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code, according to court filings. The firm can be reached at: Jeffrey M. Rosenthal, Esq. Vincent J. Roldan, Esq. Katie F. Warren, Esq. MANDELBAUM BARRETT PC 3 Becker Farm Road, Suite 105 Roseland, NJ 07068 Telephone: (973) 736-4600 Facsimile: (973) 325-7467 E-mail: jrosenthal@mblawfirm.com vroldan@mblawfirm.com kwarren@mblawfirm.com About Francesca's Acquisition, LLC Francesca's Acquisition, LLC sought protection under Chapter 11 of the Bankruptcy Code (Bankr. D.N.J. Case No. 26-11312) on February 5, 2026. At the time of the filing, Debtor had estimated assets of between $10,000,001 and $50 million and liabilities of between $50,000,001 and $100 million. Judge Mark Edward Hall oversees the case. Mandelbaum Barrett PC is Debtor's legal counsel. FROM START: Property Sale Proceeds to Fund Trustee's Plan --------------------------------------------------------- Mark Politan, the trustee appointed in the Chapter 11 case of From Start 2 Flipping, LLC, submitted a Disclosure Statement describing Plan of Liquidation for the Debtor dated February 13, 2026. S2F was a limited liability company organized and existing under the laws of the State of New Jersey, having an office at 811 Totowa Road, Suite 2, Totowa, New Jersey 07512. S2F owned a single real estate asset commonly known as 27 South Boyden Parkway, Maplewood, New Jersey 07040 (the "Property"). Pursuant to an Order of the Bankruptcy Court, the Debtor was authorized to sell the Property to Jean Frantz Darius for the sum of $610,500.00, with net proceeds of $608,431.83 (the "Sale Proceeds"). After paying Auction Advisors LLC's (the "Auctioneer") commissions and expenses and broker's fees, the Debtor was authorized to distribute from the Sale Proceeds the sum of $513,530.89 to HOF 1 Grantor Trust ("HOF"), the secured creditor of the Property. HOF agreed to waive any deficiency claim against the Property and vote in favor of the Debtor's Plan. S2F was one of a number of companies owned and/or controlled by Cesar Pina ("Cesar") and his wife Jennifer Iturralde Pina ("Jennifer" and together with Cesar, the "Pinas"). Following significant real property investment fraud spanning several entities owned by the Pinas, on February 20, 2024, the bankruptcy court entered an Order Authorizing the United States Marshal to Arrest Cesar Pina and Jennifer Iturralde Pina and Deliver the Pinas to the United States Bankruptcy Court for the District of New Jersey, Newark Vicinage, at 50 Walnut Street, Newark, New Jersey. Due to the Pinas' fraud, the Petitioning Creditors commenced the involuntary Chapter 11 bankruptcy proceeding against S2F. On July 31, 2024, an involuntary petition for relief under Chapter 11 of the Bankruptcy Code was filed against the Debtor by certain petitioning creditors, Phenomenal Rentals, LLC, Jonathan Vicioso, John Francois, Staceona Francois, Jonathan Thomas, Sovarg Investments, LLC, and Buying & Marketing Real Estate LLC (the "Petitioning Creditors"). To remedy the problems that led to the bankruptcy filing, the Trustee has sold the Property and paid HOF the Sale Proceeds. With HOF being S2F's only secured creditor, the Trustee has resolved a material financial issue pertaining to its bankruptcy case and the Trustee is ready to have his Plan confirmed. Class 2 consists of General Unsecured Claims. The total amount of claims is estimated to be $9,675,322.40. Allowed Class 2 Claims shall be paid their pro rata share of their claim from the balance of remaining funds following satisfaction of higher priority claims and payment of US Trustee quarterly fees, commencing on the Effective Date, if any. Additionally, any recovery on causes of action held by the Litigation Trust shall be allocated solely to Class 2 General Unsecured Claims after the administrative fees and expenses of the Litigation Trust have been paid in full. This Class is impaired. Class 3 consists of Equity Interest Holders. No distribution as his interest will be canceled as the Debtor will be dissolved. The Debtor will be dissolved upon approval of the Plan and payment to the creditors pursuant to the Plan. The Plan will be funded by the Trustee's cash on hand pursuant to the Sale Proceeds. There will be no prepayment penalty for any priority, administrative or Class of claims. Additionally, any recovery on causes of action held by the Litigation Trust shall be allocated solely to general unsecured creditors after the administrative fees and expenses of the Litigation Trust have been paid in full. A full-text copy of the Disclosure Statement dated February 13, 2026 is available at https://urlcurt.com/u?l=VVx6Uy from PacerMonitor.com at no charge. Counsel for Mark Politan, Chapter 11 Trustee: Sari B. Placona, Esq. Anthony Sodono, III, Esq. McManimon, Scotland & Bauman, LLC 75 Livingston Avenue, Suite 201 Roseland, NJ 07068 Telephone: (973) 622-1800 Email: splacona@msbnj.com About From Start 2 Flipping From Start 2 Flipping, LLC owned a single real estate asset commonly known as 27 South Boyden Parkway, Maplewood, New Jersey 07040 (the "Property"). Petitioning creditors Phenomenal Rentals, LLC, Jonathan Vicioso, John Francois, Staceona Francois, Jonathan Thomas, Sovarg Investments, LLC, and Buying & Marketing Real Estate LLC filed an involuntary chapter 11 petition (Bankr. D.N.J. Case No. 24-17551) on July 31, 2024. Judge Stacey L. Meisel oversees the case. Mark Politan was appointed as trustee in this Chapter 11 case. He tapped Sari B. Placona, Esq., at McManimon, Scotland & Bauman, LLC as his counsel. GENESIS HEALTHCARE: Aims to Secure $80MM in Sale Financing ---------------------------------------------------------- Angelica Serrano-Roman of Bloomberg Law reports that bankrupt nursing home chain Genesis Healthcare is seeking court approval of an $80 million loan to sustain operations while finalizing a sale and advancing its Chapter 11 reorganization. Court filings submitted Thursday, February 19, 2026, in the Northern District of Texas describe regulatory clearance requirements and other obstacles that could delay the closing of the contemplated asset sale. Under the proposal, financing would be extended by JMB Capital Partners, providing the company with working capital during the bankruptcy proceedings, the report states. Genesis said mounting administrative costs and professional fees have increased pressure on liquidity, but it anticipates completing the transaction by June if approvals proceed as expected. About Genesis Healthcare Inc. Based in Culver City, Calif., Genesis Healthcare Inc. is a medical group that provides physician services in Southern California. Genesis Healthcare has operated under the names Daehan Prospect Medical Group and Prospect Genesis Healthcare. Genesis Healthcare Inc. and several affiliated debtors sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Tex. Lead Case 25-80185) on July 9, 2025. In its petition, Genesis Healthcare Inc. listed between $1 billion and $10 billion in estimated assets and liabilities. The Hon. Bankruptcy Judge Stacey G. Jernigan handles the jointly administered cases. The Debtors employed McDermott Will & Schulte LLP as counsel; Jefferies LLC as investment banker; and Ankura Consulting Group, LLC, as restructuring advisors, and designated Louis E. Robichaux IV and Russell A. Perry as co-chief restructuring officers. Katten Muchin Rosenman LLP serves as special counsel at the sole direction of Jonathan Foster and Elizabeth LaPuma in their capacity as independent directors and members of the special investigation committee. The U.S. Trustee appointed an official committee of unsecured creditors in the Chapter 11 cases of Genesis Healthcare Inc. and affiliates. The committee retained Proskauer Rose LLP and Stinson LLP as its co-counsel; FTI Consulting, Inc., as its financial advisors; and Houlihan Lokey Capital, Inc. as its investment banker. GEORGES REALTY: U.S. Trustee Appoints Creditors' Committee ---------------------------------------------------------- The U.S. Trustee for Region 1 appointed an official committee to represent unsecured creditors in the Chapter 11 case of Georges Realty, LLC. The Office of the U.S. Trustee for Region X on X appointed X creditors to serve on the official committee of unsecured creditors in the Chapter 11 case of X. The committee members are: 1. Danny Sayer 2. Emma Kaply 3. JoJo K LLC 4. Mauri Spencer 5. Michael Waldt Official creditors' committees serve as fiduciaries to the general population of creditors they represent. They may investigate the debtor's business and financial affairs. Committees have the right to employ legal counsel, accountants and financial advisors at a debtor's expense. About Georges Realty LLC Georges Realty, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D.N.H. Case No. 25-10779) on November 4, 2025, listing between $1 million and $10 million in assets and liabilities. Judge Kimberly Bacher oversees the case. William S. Gannon, Esq. at William S. Gannon PLLC represents the Debtor as legal counsel. GEORGIA PROTONCARE: Taps BDO Consulting as Restructuring Advisor ---------------------------------------------------------------- Georgia ProtonCare Center, Inc. seeks approval from the U.S. Bankruptcy Court for the Northern District of Georgia to hire BDO Consulting Group, LLC to provide restructuring services. BDO will provide these services: (a) Restructuring Advisory Services through Darryl Myers, Chief Restructuring Officer, including: i) provide sole decision making authority regarding payments and disbursements and retention of professionals engaged by the Debtor; ii) assist the Company with communications and negotiations with creditors, including the Bond Trustee and bondholders, professionals engaged by the Bond Trustee, and key trade vendors; iii) assist the Company in preparation and administration of this Chapter 11 case, including preparation of cash collateral, DIP financing, court filings, Schedules of Assets and Liabilities, Statements of Financial Affairs, Monthly Operating Reports, responding to stakeholder information requests, developing strategic alternatives, and assisting with contemplated sale transactions; iv) Assist the Debtor with any information and analysis requested by the Debtor. (b) Interim Management Services through Tom Wang, Interim Chief Operating Officer, and Stephen Kotler, Interim Chief Financial Officer, including: Interim COO: Provide non-clinical administrative and operational management oversight, manage third-party contractors, maximize economic performance of the Proton Treatment Center, develop financial forecasts, prepare KPIs and patient volume forecasting tools, oversee marketing programs, review staffing and clinical operations, implement cost-cutting strategies, assist in negotiating clinical affiliations and consortium models, recruit clinical executives, and provide updates to the bondholder group; Interim CFO: Provide management and oversight of finance and accounting functions, review policies and internal controls, implement finance and accounting processes, assist with document repository and data migration, and provide temporary personnel to operate day-to-day accounting and finance functions. (c) Povide such other consulting, advisory, research, planning, and analysis regarding advisory or management services as may be necessary, desirable, or requested from time to time. The firm will paid at these standard hourly rates: Principal/Managing Director $750-$1,150 Director/Senior Manager $650-$850 Manager $550-$750 Senior Associate $375-$625 Associate $175-$375 Restructuring Advisory Services have a monthly cap of $130,000. Interim COO services are fixed at $150,000 per month, and Interim CFO services are fixed at $100,000 per month. BDO is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code, according to court filings. The firm can be reached at: Darryl Myers BDO Consulting Group, LLC 1180 Peachtree Street NE Suite 1950 Atlanta, GA 30309-4516 Telephone: (404) 688-6841 Facsimile: (404) 688-1075 About Georgia ProtonCare Center Georgia ProtonCare Center Inc. owns and operates the Facility, which is the sole proton therapy treatment center in the state of Georgia, and one of only 47 such facilities operating in the United States. Georgia ProtonCare Center sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D.Ge. Case No. 26-50882) on January 22, 2026. Judge Jeffery W. Cavender presides over the case. The Debtor is being advised by David E. Gordon at Polsinelli PC as legal counsel, BDO as financial advisor, and SOLIC Capital as the investment banker. The Bond Trustee is being advised by Mintz, Levin, Cohn, Ferris, Glovsky, and Popeo, P.C. as legal counsel and Houlihan Lokey as investment banker. GLENWOOD CAVERNS: U.S. Trustee Unable to Appoint Committee ---------------------------------------------------------- The U.S. Trustee for Region 3 disclosed in a court filing that no official committee of unsecured creditors has been appointed in the Chapter 11 case of Glenwood Caverns Holdings, LLC. About Glenwood Caverns Holdings LLC Glenwood Caverns Holdings, LLC owns and operates the Glenwood Caverns Adventure Park, the only mountaintop theme park in the U.S., located atop Iron Mountain near Glenwood Springs, Colorado. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Dela. Case No. 26-10166) on February 9, 2026. In the petition signed by Paul Maniscalco, chief restructuring officer, the Debtor disclosed up to $50 million in assets and up to $500 million in liabilities. Judge Laurie Selber Silverstein oversees the case. William A. Hazeltine, Esq., at Sullivan Nimeroff Brown Hill, LLC, represents the Debtor as legal counsel. GP CONCRETE: Commences Chapter 7 Bankruptcy in New Jersey --------------------------------------------------------- On February 13, 2026, GP Concrete Construction LLC filed for Chapter 7 protection in the U.S. Bankruptcy Court for the District of New Jersey. According to the court filing, the Debtor reports between $100,001 and $1,000,000 in debt owed to 200–999 creditors. About GP Concrete Construction LLC GP Concrete Construction LLC is a New Jersey-based construction company specializing in concrete work for commercial and residential projects. The firm has provided concrete installation, repair, and maintenance services to a variety of clients throughout the region. GP Concrete Construction LLC sought relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. Case No. 26-11639) on February 13, 2026. In its petition, the Debtor reports estimated assets between $0 and $100,000 and estimated liabilities between $100,001 and $1,000,000. The Debtor is represented by Jamal J. Romero, Esq. of Scura, Wigfield, Heyer, Stevens & Cammarota, LLP. GREEN TERRACE: Trustee Taps Progea Inc as Environmental Consultant ------------------------------------------------------------------ Daniel J. Stermer, the duly-appointed Chapter 11 Trustee of Green Terrace Condominium Association, Inc., seeks approval from the U.S. Bankruptcy Court for the Southern District of Florida to employ Charles Summers of Progea, Inc. as environmental consultant. The firm will perform a Phase I Environmental Site Assessment of the Debtor's property located at 2800 Georgia Avenue, West Palm Beach, Florida, to provide information to potential purchasers and advise on potential environmental issues. Progea, Inc. will perform the services for a lump sum fee of $3,000 for the Phase I Environmental Site Assessment report delivered in electronic format, payable from funds available in the estate without further court order. As disclosed in the court filings, Progea, Inc. is not a creditor of the Debtor, has not received a retainer from the Debtor, the estate, or any third party, and does not have any interests adverse to the Trustee or the estate. The firm can be reached through: Charles Summers Progea, Inc. 1910 Pacific Avenue, Suite 6060 Dallas, TX 75201 About Green Terrace Condominium Association Green Terrace Condominium Association, Inc. is a not-for-profit corporation established in 1973 that manages Green Terrace Condominiums, a two-story residential complex in West Palm Beach, Florida. The association oversees amenities including a community pool, clubhouse, and parking, and permits rentals under specific restrictions. Green Terrace Condominium Association sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Fla. Case No. 25-14568) on April 25, 2025. In its petition, the Debtor reported estimated assets between $500,000 and $1 million and estimated liabilities between $1 million and $10 million. Judge Mindy A. Mora handles the case. The Debtor is represented by Michael J. Niles, Esq., at Berger Singerman, LLP. Boken Lending II, LLC, as lender, is represented by Matthew S. Kish, Esq. at Shapiro, Blasi, Wasserman & Hermann, P.A. HARRISBURG DAIRIES: Case Summary & 20 Largest Unsecured Creditors ----------------------------------------------------------------- Debtor: Harrisburg Dairies, Inc. 2001 Herr Street Harrisburg, PA 17103 Business Description: Harrisburg Dairies, Inc. processes and distributes fluid milk and other dairy and beverage products from its base in Harrisburg, Pennsylvania, serving wholesale and commercial customers across Pennsylvania and neighboring states. Founded in 1931 and incorporated in 1946, the company operated as a family-owned dairy for multiple generations, sourcing milk from local farms. Its operations included pasteurizing, homogenizing, and bottling milk along with creams, juices, and teas. Chapter 11 Petition Date: February 20, 2026 Court: United States Bankruptcy Court Middle District of Pennsylvania Case No.: 26-00474 Debtor's Counsel: Robert E. Chernicoff, Esq. CUNNINGHAM, CHERNICOFF & WARSHAWSKY PC 2320 N. Second St. Harrisburg, PA 17110 Tel: (717) 238-6570 Estimated Assets: $1 million to $10 million Estimated Liabilities: $1 million to $10 million Alec John Dewey signed the petition in his capacity as president. A copy of the Debtor's list of its 20 largest unsecured creditors is available for free on PacerMonitor at: https://www.pacermonitor.com/view/74GLUDY/Harrisburg_Dairies_Inc__pambke-26-00474__0002.0.pdf?mcid=tGE4TAMA A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/7SXJ6XI/Harrisburg_Dairies_Inc__pambke-26-00474__0001.0.pdf?mcid=tGE4TAMA HAWAII MOLD: Case Summary & Nine Unsecured Creditors ---------------------------------------------------- Debtor: Hawaii Mold and Flood, LLC d/b/a Hawaii Mold and Flood, Limited Liability Company d/b/a Home-Pro 77-102 Kalaniuka Street Holualoa, HI 96725 Business Description: Hawaii Mold and Flood, LLC, based on the Big Island of Hawaii, provides property restoration services specializing in water damage mitigation, mold remediation, asbestos abatement, lead-based paint removal, and general remodeling and renovation. The company operates throughout the island, serving both residential and commercial properties, and leverages over 50 years of combined general contracting experience alongside collaboration with industrial hygienists, environmentalists, and engineers. Its services focus on restoring properties affected by moisture, mold, natural disasters, and environmental hazards. Chapter 11 Petition Date: February 20, 2026 Court: United States Bankruptcy Court District of Hawaii Case No.: 26-00144 Judge: Hon. Robert J Faris Debtor's Counsel: Chuck C. Choi, Esq. CHOI & ITO 700 Bishop Street, Suite 1107 Honolulu, HI 96813 Tel: 808-533-1877 Fax: 808-566-6900 Email: cchoi@hibklaw.com Estimated Assets: $500,000 to $1 million Estimated Liabilities: $1 million to $10 million The petition was signed by Glen Kelsey as sole member. A full-text copy of the petition, which includes a list of the Debtor's nine unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/HNUCYYY/Hawaii_Mold_and_Flood_LLC__hibke-26-00144__0001.0.pdf?mcid=tGE4TAMA HILLVIEW DAIRY: Case Summary & 17 Unsecured Creditors ----------------------------------------------------- Debtor: Hillview Dairy, Inc. d/b/a Daisy Dew Landscaping d/b/a Hillview Rubia Gallega Cattle d/b/a Hillview Farm Meat 25969 295th Street Ollie, IA 52576 Business Description: Hillview Dairy, Inc., based in Ollie, Iowa, is a family-owned agricultural operation that originally focused on dairy farming and now encompasses multiple business lines, including beef production, cattle genetics, and landscaping services. The company operates under several trade names, including Hillview Farm Meats, which markets pasture-raised beef directly to consumers; Hillview Rubia Gallega Cattle, which specializes in premium cattle genetics; and Daisy Dew Landscaping, a landscaping service. Chapter 11 Petition Date: February 20, 2026 Court: United States Bankruptcy Court Southern District of Iowa Case No.: 26-00239 Judge: Hon. Lee M Jackwig Debtor's Counsel: John VanDeVelde, Esq. BUCKROP & VANDEVELDE, P.C. 114 19th Street Rock Island, IL 61201 Tel: (309) 788-2747 Fax: (309) 793-4090 Email: bbankruptcy@gmail.com Total Assets: $1,486,547 Total Liabilities: $1,737,970 The petition was signed by Robert Wonderlich as president. A full-text copy of the petition, which includes a list of the Debtor's 17 unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/U47C75A/Hillview_Dairy_Inc__iasbke-26-00239__0001.0.pdf?mcid=tGE4TAMA HOWARD'S APPLIANCES: Hires Sonoran Capital Advisors as Consultant ----------------------------------------------------------------- Howard's Appliances, Inc. seeks approval from the U.S. Bankruptcy Court for the Central District of California to hire Sonoran Capital Advisors, LLC, as consultant. The firm's services include: 1. preparing monthly operating reports; 2. analyzing potential liquidity scenarios and their impact on strategic decisions that will maximize the value of Howard’s; 3. overseeing the preparing and filing of tax returns; and 4. performing such other services as may be reasonably requested or directed by the CEO, or other authorized personnel of H Retail, or counsel for the Debtor, provided, however, that such services are not duplicative of work others are performing for the Debtor. The firm will be paid at these rates: Managing Directors $595 per hour Senior Consultants $495 per hour Directors $395 per hour Associates $295 per hour Analysts $195 per hour Bryan Perkinson, Esq., a partner at Sonoran Capital Advisors, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: Bryan Perkinson, Esq. Sonoran Capital Advisors, LLC 1733 N. Greenfield Rd. Mesa, AZ 85205 Telephone: (480) 825-6650 Email: bperkinson@sonorancap.com About Howard's Appliances, Inc. Howard's Appliances, Inc. is a California-based retailer specializing in home appliances, electronics and related accessories. The company operates brick-and-mortar stores and provides sales, delivery and installation services for major household brands, serving residential customers across the state. Howard's Appliances, Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. C.D. Cal. Case No. 25-21116) on December 10, 2025. In its petition, the Debtor reports estimated assets between $1 million and $10 million and estimated liabilities in the same range. The case is handled by Honorable Bankruptcy Judge Sheri Bluebond. The Debtor is represented by David M. Goodrich, Esq. INSPIRED HEALTHCARE: Final Hearing on DIP Financing Set for March 3 ------------------------------------------------------------------- The U.S. Bankruptcy Court for the Northern District of Texas is set to hold a hearing on March 3 to consider final approval of Inspired Healthcare Capital Holdings, LLC's bid to obtain debtor-in-possession financing. Inspired Healthcare and its affiliates previously obtained interim approval to draw $10 million of a $35 million superpriority, senior secured DIP term loan facility from Lapis Municipal Opportunities Fund V, LP, with the remaining funds available upon entry of a final order. The interim order issued early this month granted the lender valid, binding, enforceable, continuing, non-avoidable, and automatically and properly perfected security interests and liens on assets securing the DIP loans, and an allowed superpriority administrative expense claim. The interim order also authorized the Debtors to use the cash collateral of pre-bankruptcy secured creditors and to provide these creditors adequate protection through replacement lien on and security interest in the collateral securing the DIP loans, subject and subordinate to the fee carveout and DIP liens. The Debtors are required to comply bankruptcy milestones including the entry of a final order approving the DIP financing within 35 days of the petition date. The DIP facility matures 365 days after the petition date, or later if the lender agrees at its sole discretion. A copy of the interim order is available at https://urlcurt.com/u?l=cYUizD from PacerMonitor.com. The Debtors intend to use the DIP loans and cash collateral under an approved budget to fund post-petition working capital, ordinary course expenses, and administrative costs. As of the petition date, Inspired Healthcare has approximately $260 million in total funded debt obligations. This debt arises from 15 different loan agreements with 10 different pre-bankruptcy secured lenders, each associated with a different community. About Inspired Health Capital Fund Services Inspired Health Capital Fund Services, LLC operates as a private equity firm specializing in senior housing. Its portfolio includes 35 operating senior living communities in 14 states, providing housing and care services to roughly 2,620 residents across independent living, assisted living, and memory care settings. Inspired Health Capital Fund Services and its affiliates sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Texas Lead Case No. 26-90004) on February 2, 2026. In its petition, Inspired Health Capital Fund Services reported $1 billion to $10 billion in both assets and liabilities. Judge Mark X. Mullin handles the cases. The Debtors tapped Marcus Alan Helt, Esq., at Mcdermott Will & Schulte, LLP as bankruptcy counsel; M. Benjamin Jones of Ankura Consulting Group, LLC as chief restructuring officer; and Raymond James & Associates, Inc. as investment banker. Epiq Corporate Restructuring, LLC is the Debtors' claims, noticing, solicitation and administrative agent. Lapis Municipal Opportunities Fund V LP, as DIP lender, is represented by: Thomas C. Scannell, Esq. Nora J. McGuffey, Esq. Foley & Lardner, LLP 2021 McKinney Avenue, Suite 1600 Dallas, TX 75201 Telephone: (214) 999-3000 tscannell@foley.com nora.mcguffey@foley.com -and- Adrienne K. Walker, Esq. Foley & Lardner, LLP 111 Huntington Avenue, Suite 2500 Boston, MA 02199 Telephone: (617) 503-3355 awalker@foley.com -and- Michelle N. Saney, Esq. Foley & Lardner, LLP 90 Park Avenue, 39th Floor New York, NY 10016 Telephone (212) 338-3435 michelle.saney@foley.com INTREPID LLC: Case Summary & Two Unsecured Creditors ---------------------------------------------------- Debtor: Intrepid, LLC 3333 N. Digital Drive, Suite 750 Lehi, UT 84043 Chapter 11 Petition Date: February 20, 2026 Court: United States Bankruptcy Court District of Utah Case No.: 26-20852 Judge: Hon. Michael F Thomson Debtor's Counsel: Matthew M. Boley, Esq. COHNE KINGHORN, P.C. 111 E. Broadway, 11th Floor Salt Lake City, UT 84111 Tel: 801-363-4300 Email: mboley@cohnekinghorn.com Estimated Assets: $100,000 to $500,000 Estimated Liabilities: $1 million to $10 million The petition was signed by Seth S. Gomm as manager. A copy of the Debtor's list of its two unsecured creditors is available for free on PacerMonitor at: https://www.pacermonitor.com/view/CFVWRIQ/Intrepid_LLC__utbke-26-20852__0002.0.pdf?mcid=tGE4TAMA A full-text copy of the petition, which includes a list of the Debtor's 20 largest unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/5ZHXE6I/Intrepid_LLC__utbke-26-20852__0001.0.pdf?mcid=tGE4TAMA J.G. JEWELRY PTE: Chapter 15 Case Summary ----------------------------------------- Chapter 15 Debtor: J.G. Jewelry Pte. Ltd. (In Compulsory Liquidation) 6 Shenton Way #33-00 OUE Downtown 2, Singapore 06 8809 Singapore Business Description: J.G. Jewelry Pte. Ltd., formed in 2015 under Singapore law, is principally a holding company and operates in the wholesale trade of diamonds, fine jewelry, and other goods, with a business model that includes trading jewelry products through contracts with suppliers, vendors, and end customers. Chapter 15 Petition Date: February 18, 2026 Court: United States Bankruptcy Court Southern District of New York Case No.: 26-22156 Judge: Hon. Sean H Lane Foreign Representatives: Wei Cheong Tan, Christina Khoo 6 Shenton Way #33-00 OUE Downtown 2, Singapore 06 8809 Singapore Foreign Proceeding: Case No.: HC/CWU 114/2025, High Court of Singapore Foreign Representative's Counsel: Heidi J. Sorvino, Esq. WHITE AND WILLIAMS LLP 810 Seventh Avenue, Suite 500 New York, NY 10019 Tel: (212) 631-4417 Email: sorvinoh@whiteandwilliams.com Estimated Assets: Unknown Estimated Debt: Unknown A full-text copy of the Chapter 15 petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/UUJRKUQ/JG_Jewelry_Pte_Ltd_and_Cheong__nysbke-26-22156__0001.0.pdf?mcid=tGE4TAMA JERSEY AUTO: Scott Rever Named Subchapter V Trustee --------------------------------------------------- The U.S. Trustee for Regions 3 and 9 appointed Scott Rever, Esq., at Genova Burns, LLC as Subchapter V trustee for Jersey Auto Trans, LLC. Mr. Rever will be paid an hourly fee of $475 for his services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Mr. Rever declared that he is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Scott S. Rever, Esq. Genova Burns LLC 110 Allen Rd., Suite 304, Basking Ridge, NJ 07920 Telephone: (973) 387-7801 Email: Rever@genovaburns.com About Jersey Auto Trans LLC Jersey Auto Trans, LLC provides freight and logistics services across the continental United States, operating a fleet of dry van and temperature-controlled trucks for transportation of general and perishable cargo. Based in Clifton, New Jersey, the company offers drayage, refrigerated, and long-haul trucking services, focusing on compliance, safety, and fleet maintenance. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D.N.J. Case No. 26-11557) on February 11, 2026, with $1,386,158 in assets and $2,699,384 in liabilities. Ali Tatarkulov, member, signed the petition. Brian G. Hannon, Esq., at Norgaard O'Boyle Hannon represents the Debtor as legal counsel. JOURNEY'S HOME: Andrew Kight Named Subchapter V Trustee ------------------------------------------------------- The Acting U.S. Trustee for Region 10 appointed Andrew Kight as Subchapter V trustee for Journey's Home Care & Concierge Services, LLC. Mr. Kight will be paid an hourly fee of $375 for his services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Mr. Kight declared that he is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Andrew T. Kight 108 E. 9th Street Indianapolis, IN 46202 317-608-1130 trusteekight@jhklegal.com About Journey's Home Care & Concierge Services Journey's Home Care & Concierge Services, LLC operates in the home healthcare sector, delivering non-medical in-home assistance and concierge services designed to support seniors and individuals with specialized care needs. Journey's Home Care & Concierge Services sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-00683) on February 11, 2026. The filing lists estimated assets between $100,001 and $1,000,000 and estimated liabilities in the same range. The case is assigned to Honorable Bankruptcy Judge James M. Carr. The Debtor is represented by Tyler R. Yeager, Esq., at Kaplan Johnson Abate & Bird, LLP. JT FREIGHT: Seeks Chapter 7 Bankruptcy in California ---------------------------------------------------- On February 16, 2026, JT Freight Solutions filed for Chapter 7 protection in the U.S. Bankruptcy Court for the Central District of California. According to court filings, the Debtor reports between $1 million and $10 million in debt owed to 1–49 creditors. About JT Freight Solutions JT Freight Solutions is a transportation and logistics company providing freight hauling and related shipping services. JT Freight Solutions sought relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. Case No. 26-11397) on February 16, 2026. In its petition, the Debtor reports estimated assets between $100,001 and $1,000,000 and estimated liabilities between $1 million and $10 million. Honorable Bankruptcy Judge Neil W. Bason handles the case. The Debtor is represented by Michael G. Spector, Esq., of the Law Offices of Michael G. Spector. KAHN PROPERTY: Claims to be Paid from Asset Sale Proceeds --------------------------------------------------------- Kahn Property Owner, LLC filed with the U.S. Bankruptcy Court for the Eastern District of New York a First Amended Disclosure Statement describing First Amended Plan of Reorganization dated February 13, 2026. The Debtor is a privately owned New York limited liability. The Debtor is owned by Kahn Associates, LLC, a Delaware limited liability company (99%) and Kahn MM, Inc. (1%). The Debtor is the owner of the real property at 135 West Gate Drive, Huntington NY 11743 which is comprised of 22.3 acres in the gold coast of Long Island ("Property"). On the Property sits the iconic Oheka Castle & Resort which operates as a restaurant and catering facility for exclusive and extravagant weddings, parties, corporate events and the like. The Debtor operates the Property and Oheka Castle operates as a separate entity. On or about August 1, 2007, the Debtor as landlord ("Landlord") entered into a lease agreement (the "Lease") with Oheka Management Corp and Oheka Catering, Inc. (collectively, the "Tenants") for the space at the Property. The Tenants operate at the Property and run the catering facility and restaurant. According to the Debtor, the Lease is for a period of twenty years ending on July 27, 2027, with available options. The Debtor's goal since well before the Petition Date has been to either refinance, sell its lucrative Development Rights, or restructure its affiliated businesses to maximize value, and pay its creditors. A sale of the entire Property is also contemplated to the extent a global resolution with the Note Buyer and/or a sale of the Development Rights does not occur. During the bankruptcy, the Debtor has met with numerous interested buyers of the Development Rights and the entire Property. At the same time, the Debtor was negotiating with the Note Buyer to reach a consensual resolution that would benefit all parties and creditors. The Note Buyer has gone radio silent at the same time that the Debtor has received indications that certain of the potential buyers are no longer interested. The Debtor has a couple of interested buyers but will not disclose those buyers or the negotiations in any way at this time. The Note Buyer has been very vocal in Court that it will prevent any ability of anyone other than itself to development the Residences. The Plan contemplates one of three scenarios for a successful case: (1) a consensual global resolution to be achieved with the Note Buyer; (2) the sale of Development Rights and going concern reorganization; or (3) the sale of the entire Property (and assignment of operating leases). Class 2 consists of the Allowed General Unsecured Claims. The claims in this class as currently filed are $28,895,234 (MM). $10,000,000 (MM) consists of alleged personal injury claims and will be relegated to claims against applicable insurance. There are other disputed claims which the Debtor will address through the claims allowance and disallowance process. As such, the Debtor believes the total claims for this Class will be in the approximate amount of $12,000,000 (MM). Each holder of an Allowed Class 2 Claim shall receive payment on account of such claim, (a) in accordance with a global resolution with the Debtor and Note Buyer pursuant to Court approval order, (b) in connection with the sale of the Development Rights, after payments to the Allowed Class 1 Claim, and the Court approved professional and administrative claims, the balance pro-rata to Allowed Class 2 Claims, or (c) after the proceeds of the sale of the entire Property have been paid on the Allowed Class 1 Claim, and the Court approved professional and administrative claims, the balance pro rata to Allowed Class 2 Claims, each and all of the above from and to the extent of available funds, and after the date upon which all objections to Class 2 General Unsecured Claims have been resolved or adjudicated by the Bankruptcy Court, and subject to any Court approved carve out and/or section 506(c) determination, and any reserves for post-confirmation professional fees, except as otherwise agreed with the holder of such Claims. Accordingly, Class 2 Claims are impaired, and therefore, holders of Class 2 Claims are entitled to vote to accept or reject the Plan. Class 3 Interests consist of the member interests of the Debtor held by Gary Melius and related family members as set forth in the corporate structure chart. In the event of a sale and/or reorganization that provides for the full payment of all classes of claims with interest under applicable nonbankruptcy and bankruptcy law, the members shall retain their Class 3 Interests under the Plan. In the event that a sale and/or reorganization of the Debtor occurs and does not pay all classes of creditors in full with interest under applicable nonbankruptcy and bankruptcy law, then the Class 3 Interests shall be cancelled. Class 3 Interests will only receive pro rata Distributions under the Plan based upon available funds, and only in the event that all senior classes of Allowed Claims have been paid in full with interest under applicable nonbankruptcy and bankruptcy law. One of the Debtor's goals since well before the Petition Date has been a potential sale of the Debtor's lucrative Development Rights. Those Development Rights have substantial value for the benefit of the Debtor and its creditors. The Plan is a comprehensive restructuring of the Debtor's various lucrative assets to pay its creditors under a Plan in a reasonable period of time and provides an efficient and beneficial method for recovery on Claims to the greatest extent possible in accordance with the requirements and priorities under the Bankruptcy Code and pursuant to applicable non-bankruptcy law, based upon either a partial sale of the Property through the Development Rights, and removal of the Receiver of the affiliated entities with a reorganization of the business, or a full sale process for the entire Property. A full-text copy of the First Amended Disclosure Statement dated February 13, 2026 is available at https://urlcurt.com/u?l=jdyizM from PacerMonitor.com at no charge. Counsel to the Debtor: Joseph S. Maniscalco, Esq. Adam P. Wofse, Esq. LaMonica Herbst & Maniscalco, LLP 3305 Jerusalem Avenue, Suite 201 Wantagh, NY 11793 Tel: (516) 826-6500 Email: jsm@lhmlawfirm.com About Kahn Property Owner Kahn Property Owner, LLC owns a 22-acre estate at 135 West Gate Drive in Huntington, New York, located in the Gold Coast region of Long Island. The property includes Oheka Castle & Resort, a historic mansion that operates as a restaurant and catering venue hosting weddings, private parties, corporate functions, and other events. Kahn Property holds the real estate, while the Oheka Castle business is operated separately. Kahn Property Owner, LLC in Huntington, NY, sought relief under Chapter 11 of the Bankruptcy Code filed its voluntary petition for Chapter 11 protection (Bankr. E.D.N.Y. Case No. 25-72946) on July 31, 2025, listing $92,813,057 in assets and $63,508,319 in liabilities. Kahn Associates LLC, the Debtor's member, signed the petition. Judge Louis A Scarcella oversees the case. LAMONICA HERBST & MANISCALCO, LLP serve as the Debtor's legal counsel. KASAI HOLDINGS: Trustee Hires Keegan Linscott as Accountant ----------------------------------------------------------- Michael W. Carmel, Chapter 11 Trustee of Kasai Holdings Three, LLC, seeks approval from the U.S. Bankruptcy Court for the District of Arizona to hire Keegan Linscott & Associates, PC as accountant. The firm's services include: a. prepare outstanding tax returns; b. review of pending claims by taxing authorities for accuracy and amounts; c. any other task that may be required and related to the bankruptcy proceedings involving tax liabilities. The firm's current rates range from $125 to $400 per hour. The firm's rates are $400 per hour for deposition and trial time if that becomes necessary. As disclosed in the court filings, Keegan is a disinterested person or entity within the meaning of 11 U.S.C. Sec. 101(14). The firm can be reached through: Christopher G. Linscott, CPA Keegan Linscott & Associates, PC 3443 N. Campbell Avenue, Suite 115 Tuscan, AZ 85719 Telephone: (520) 884-0176 Facsimile: (520) 884-8767 About Kasai Holdings Three Kasai Holdings Three, LLC owns and operates a restaurant in Scottsdale, Ariz. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Ariz. Case No. 24-06967) on August 22, 2024, with up to $50,000 in assets and up to $10 million in liabilities. Michael F. Russel, manager through Dinnertainment, LLC, signed the petition. Judge Brenda K. Martin presides over the case. Chris D. Barski, Esq., at Barski Law Firm, PLC, is the Debtor's bankruptcy counsel. KID CITY USA: Final Cash Collateral Hearing Set for Feb. 26 ----------------------------------------------------------- The U.S. Bankruptcy Court for the Middle District of Florida, Jacksonville Division, is set to hold a hearing on February 26 to consider final approval of Kid City USA Enterprises, Inc.'s bid to use cash collateral. The Debtor was previously allowed to access cash collateral under the court's February 12 second interim order. The second interim order approved the payment of the Debtor's expenses from the cash collateral in accordance with its budget; authorized the monthly pre-confirmation payments of $2,477 to the U.S. Small Business Administration; and granted the SBA and another secured creditor, Simmons Bank, replacement liens on post-petition cash collateral. A copy of the court's order and the Debtor's budget is available at https://shorturl.at/hLRYm from PacerMonitor.com. Simmons Bank, as secured creditor, is represented by: Angela Grewal, Esq. Adams and Reese, LLP 501 Riverside Ave, Suite 601 Jacksonville, FL 32202 Phone: (904) 355-1700 Fax: (904) 394-1630 angela.grewal@arlaw.com Jessica.bowers@arlaw.com Courtney.robinson@arlaw.com About Kid City USA Enterprises Inc. Kid City USA Enterprises, Inc. sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Fla. Case No. 26-00004) on January 2, 2026, listing between $1 million and $10 million in both assets and liabilities. Audrey Bruner, president of Kid City USA Enterprises, signed the petition. Judge Jason A. Burgess oversees the case. The Debtor is represented by Byron Wright, III, Esq., at Bruner Wright, P.A. KNAPP & BRUNNER: Gets Final OK to Use Cash Collateral ----------------------------------------------------- Knapp & Brunner, LLC received final approval from the U.S. Bankruptcy Court for the Eastern District of Michigan, Northern Division, to use cash collateral. The court issued a final order authorizing the Debtor to use up to $40,299 in cash collateral to fund operations in accordance with its eight-week budget. This authorization terminates upon default, conversion or dismissal of the Debtor's Chapter 11 case, or cessation of operations. Isabella Bank, the primary secured creditor, holds lien on substantially all assets of the Debtor, including cash collateral. As protection, Isabella Bank will receive replacement liens on the Debtor's post-petition assets in case of any diminution in value of its pre-bankruptcy collateral and monthly interest-only payments of $9,433.25. The bank's liens extend to substantially all post-petition assets and proceeds, excluding Chapter 5 avoidance actions. Additional protection includes continued reporting, insurance maintenance, payment of post-petition taxes, and financial disclosures from the Debtor. While the secured creditor's liens and claims are deemed valid and perfected, (subject to limited challenge rights), the court preserves both parties' legal rights and remedies. The final order is available for free at: http://bankrupt.com/misc/KnappBrunner_InterimCashCollOrder.pdf Isabella Bank, as secured creditor, is represented by: David L. Puskar, Esq. Braun Kendrick Finkbeiner P.L.C. 4301 Fashion Square Boulevard Saginaw, MI 48603 Phone: 989-399-0642 / 989-498-2100 Fax: 989-799-4666 davpus@braunkendrick.com About Knapp & Brunner LLC Knapp & Brunner, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Mich. Case No. 25-21666-dob) on December 15, 2025. In the petition signed by Jeffery Knapp, owner, the Debtor disclosed up to $50,000 in assets and up to $500,000 in liabilities. Judge Hon. Joel D Applebaum oversees the case. George E. Jacobs, Esq., at Bankruptcy Law Offices, represents the Debtor as legal counsel. LETS RESTYLE: Seeks Chapter 7 Bankruptcy in California ------------------------------------------------------ On February 16, 2026, Lets Restyle CA, Inc. filed for Chapter 7 protection in the U.S. Bankruptcy Court for the Central District of California. According to court filings, the Debtor reports between $100,001 and $1,000,000 in debt owed to between 1 and 49 creditors. About Lets Restyle CA, Inc. Lets Restyle CA, Inc. is a California-based company engaged in home staging, interior styling, and property enhancement services. The company provides design consultation and furnishing solutions aimed at improving residential property presentation. Lets Restyle CA, Inc. sought relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. Case No. 26-10312) on February 16, 2026. In its petition, the Debtor reports estimated assets of $0–$100,000 and estimated liabilities of $100,001–$1,000,000. Honorable Bankruptcy Judge Victoria S. Kaufman handles the case. The Debtor is represented by Paige T. Rolfe, Esq. of Weintraub Zolkin Talerico & Selth LLP. LSF 12: S&P Assigns 'B' ICR on Leveraged Buyout, Outlook Stable --------------------------------------------------------------- S&P Global Ratings assigned a 'B' issuer credit rating to LSF 12 Phoenix Holdco LLC (dba AGI). S&P also assigned a 'B' issue-level rating to the proposed credit facilities, with a '3' recovery rating. The stable outlook reflects S&P's expectation for mid-single-digit percent top-line growth and expanding EBITDA margins from management's operating initiatives. Lone Star Funds, a private equity firm, has entered into a definitive agreement to acquire Alliance Ground International (AGI) for total enterprise value of about $1.5 billion. The proposed senior secured credit facilities to fund the transaction include a $185 million revolver and $890 million term loan B. A $600 million cash equity infusion will also fund the leveraged buyout. AGI is a top-three provider within the North American cargo handling market. The company operates through four primary segments--cargo, ground handling, post, and other--serving major U.S. airport hubs and offering services such as cargo, ground, express mail and parcel handling, and labor, security, and hospitality services. AGI's customers include airlines, express carriers, and other cargo-related businesses, with a presence in seven of the 10 largest U.S. cargo hubs and 58 airports total across North America. This strong presence is highlighted by a strategy of both organic growth and strategic mergers and acquisitions (M&A) allowing the company to expand its offerings and customer reach. While S&P views operations only in North America as a limited geographic reach, AGI benefits from whitespace and room to expand as airlines increasingly prioritize core operations and outsource noncore services, creating opportunities for expansion. S&P said, "We expect the company to close 2025 with revenue growth of almost 7% and 4% in 2026, with no forecasted M&A. AGI has relatively short average lease lengths of five years but despite that it has never experienced lease loss. We believe the competitive market has limited infrastructure in airports, but the company has an advantage in its market position and relationships." AGI's customer base is exposed to air freight and passenger volatility. It has modest customer concentration, with some of its largest exposure accounting for 5%-10% of revenues. Each customer has separate contracts at different hubs, which could provide some insulation to mass contract losses. S&P said, "We recognize AGI's impressive customer retention averages over 15-year relationships. Risks we associate with these customers include potential changes in industry conditions, which could affect AGI's performance. While some air freight is mission-critical, involving high-value and time-sensitive cargo, the company remains exposed to shifts in global trade patterns. S&P Global Ratings believes there is a high degree of unpredictability around policy implementation by the U.S. and potential effects on economies, supply chains and credit conditions on airlines and e-commerce, directly affecting AGI's customers. We believe these risks could have temporary impact on credit metrics, though the company has shown good overall stability through various business cycles." Improving margins follow operating efficiency initiatives and mix-shift to cargo. AGI is transitioning to purchasing from leasing equipment. S&P said, "We expect this will temporarily constrain cash flow but yield long-term benefits through reduced operating expenses and increased asset control. As a result, total capital expenditure (capex) in 2025 is elevated at about $60 million (including equipment purchases) and moderating to about $30 million in 2026. We estimate free operating cash flow (FOCF) to debt will be hindered to the low-single-digit percents in 2025, increasing back to about 6.5% in 2026." Further bolstering profitability are ongoing operating initiatives including automatic scheduling, which improves resource management and utilization. The company's pricing power allows it to offset inflationary pressures through contract adjustments. Its cargo transport service represents a relatively low-cost component of overall air transport expenses. Service quality and strategic location are more vital for customers choosing a cargo handler than price. S&P said, "We believe airport locations and retention demonstrate AGI's ability to provide reputable service. We estimate S&P Global Ratings-adjusted EBITDA margin improvement of 120 basis points (bps) in 2025 to almost 21% and another 50 bps in 2026." AGI will sustain leverage given financial sponsor ownership. S&P said, "We expect the Lonestar transaction to close in the first quarter of 2026, subject to regulatory approvals. We believe Lonestar will support organic growth and service improvements, while considering strategic M&A though not contemplated in our forecast. Typical of most sponsor-owned companies, we believe it will prioritize investments for expansion or shareholder returns before sustained deleveraging. We expect S&P Global Ratings-adjusted leverage of 5.9x at the end of 2026 and 5.7x in 2027." The stable outlook reflects S&P's expectation that AGI will continue to increase revenue, improve margins, and complete operating efficiency initiatives. S&P could lower its rating on AGI if it sustains debt to EBITDA above 6.5x and FOCF to debt in the low-single-digit percent. This would occur if: -- Revenue deteriorates due to a change in the competitive landscape that drives customer losses, or pricing pressure or changes in the macroeconomic environment reduce demand for air freight and passenger travel, or -- The company pursues a more aggressive financial policy with debt-funded shareholder distributions or acquisitions that cause lengthy setbacks in performance improvement. S&P could raise the rating if AGI: -- Lowers debt to EBITDA below 5x and demonstrates a commitment to sustain it, although unlikely given its private equity ownership, and -- Diversifies and increases its EBITDA base in line with similarly rated peers. MAISEL-HINSON MAINLAND: Chris Quinn Named Subchapter V Trustee -------------------------------------------------------------- The U.S. Trustee for Region 7 appointed Chris Quinn as Subchapter V trustee for Maisel-Hinson Mainland Floral Incorporated. Mr. Quinn will be paid an hourly fee of $425 for his services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Mr. Quinn declared that he is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Chris Quinn 26414 Cottage Cypress Lane Cypress, TX 77433 Phone: 713-498-8500 Email: chris.quinn2021@outlook.com About Maisel-Hinson Mainland Floral Incorporated Maisel-Hinson Mainland Floral Incorporated manages physical design centers in Galveston and Pearland, Texas, under the Window Box Florist brand, and also operates online and legacy brands including The Empty Vase of Houston and Flower Box Florist. Maisel-Hinson sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Case No. 26-80074) on February 6, 2026, listing up to $10 million in both assets and liabilities. Daniel Hinson, president of Maisel-Hinson, signed the petition. Judge Alfredo R. Perez oversees the case. Robert C. Lane, Esq., at The Lane Law Firm, represents the Debtor as bankruptcy counsel. MARAGAL MEDICAL: James LaMontagne Named Subchapter V Trustee ------------------------------------------------------------ The U.S. Trustee for Region 1 appointed James LaMontagne of Sheehan Phinney Bass & Green as Subchapter V trustee for Maragal Medical, P.C. Mr. LaMontagne will be paid an hourly fee of $475 for his services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Mr. LaMontagne declared that he is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: James S. LaMontagne, Esq. Sheehan Phinney Bass & Green 75 Portsmouth Boulevard, Suite 110 Portsmouth, NH 03801 Phone: (603) 627-8102 jlamontagne@sheehan.com About Maragal Medical P.C. Maragal Medical, P.C. is a healthcare provider based in Leominster, Massachusetts, operating as a full-service physical medicine and rehabilitation clinic that provides pain management, regenerative medicine injections, rehabilitation therapies, and related clinical services. The practice focuses on non-surgical treatment and functional recovery through medical evaluations, injection therapy, and multidisciplinary rehabilitation services within the outpatient healthcare industry. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Mass. Case No. 26-40150) on February 13, 2026, with $100,000 to $500,000 in assets and $1 million to $10 million in liabilities. Michael A. Marciello, M.D., president, signed the petition. Andrew G. Lizotte, Esq., at Murphy & King, Professional Corporation represents the Debtor as legal counsel. MARINER'S GATE: Gets OK to Use Cash Collateral ---------------------------------------------- The U.S. Bankruptcy Court for the Southern District of New York entered a stipulation and order allowing Mariner's Gate, LLC to use cash collateral on an interim basis. The court approved the Debtor's limited use of rents, revenues, and other cash collateral strictly in accordance with its operating budget through March 31. The Debtor must use funds only to maintain and operate its six-story commercial loft building in New York while pursuing a sale process. Any modification to the budget requires lender consent. As adequate protection, JPMorgan Chase Bank, N.A. will receive replacement liens on all post-petition property of the Debtor and its proceeds, along with a superpriority administrative claim to cover any decline in collateral value. The Debtor must remit excess cash flow from building operations to the lender as monthly adequate protection payments. As additional protection, the Debtor must also provide extensive financial reporting, grant access to records and the property, maintain insurance, and establish a lender-controlled lockbox account for rent collections. The order preserves JPMorgan's rights while allowing a short challenge period for other parties to contest the lender's secured claims. Failure to comply with the budget terms, reporting requirements, or sale milestones may terminate the Debtor's authority to use cash collateral after notice. The order is available at http://bankrupt.com/misc/MarinersGate_CashCollOrder.pdf JPMorgan, as lender, is represented by: Theresa A. Foudy, Esq. Justin Young, Esq. Miranda Russell, Esq. Morrison & Foerster, LLP 250 West 55th Street New York, NY 10019 Telephone: (212) 468-8000 Facsimile: (212) 468-7900 tfoudy@mofo.com justinyoung@mofo.com mrussell@mofo.com About Mariner's Gate LLC Mariner's Gate, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. N.Y. Case No. 25-12819) on Dec 16, 2025, listing assets of between $50 million and $100 million in both assets and liabilities. Judge Philip Bentley oversees the case. The Debtor is represented by J. Ted Donovan, Esq., at Goldberg Weprin Finkel Goldstein, LLP. MARTINEZ & SONS: Gets Interim OK to Use Cash Collateral ------------------------------------------------------- The U.S. Bankruptcy Court for the Southern District of California entered an interim order allowing Martinez & Sons Produce, Inc. to use cash collateral. The order was entered after the court reviewed the Debtor's motion seeking approval of a prior stipulation governing the use of cash collateral and the related operating budget. Under the order, the Debtor is authorized to use cash collateral strictly in accordance with the agreed stipulation and budget. This authority remains effective through March 13 and applies only during the interim period, enabling the Debtor to continue operations while the bankruptcy case proceeds. The order also clarifies that approval of the stipulation does not constitute an admission regarding the validity or amount of any claims or collateral interests, nor does it waive any rights of the Debtor or creditors to challenge claims later. The order is available at http://bankrupt.com/misc/Martinez&Sons_CashCollOrder.pdf About Martinez & Sons Produce Martinez & Sons Produce, Inc., founded in 1985 by the Martinez family in San Diego, California, cultivates and distributes gourmet vegetables including tomatoes, carrots, squash, cucumbers, onions, green beans, beets, and basil, and operates a vertically integrated system managing production from field to customer, supplying regional and national markets. Martinez & Sons Produce, Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 25-05253) on December 18, 2025. In its petition, the Debtor reports estimated assets of up to $1 million and estimated liabilities of up to $10 million. Judge Christopher B. Latham oversees the case. The Debtor is represented by Maggie Schroedter, Esq., at Robberson Schroedter LLP. MARTINS PROPERTIES: Wendell Schollander Named Subchapter V Trustee ------------------------------------------------------------------ The U.S. Bankruptcy Administrator for the Middle District of North Carolina appointed Wendell Schollander, III as Subchapter V trustee for Martins Properties, LLC. Mr. Schollander will be paid an hourly fee of $375 for his services as Subchapter V trustee and will be reimbursed for work related expenses incurred. Mr. Schollander declared that he is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Wendell Schollander, III 514 S Stratford Rd., Suite 317 Winston-Salem, NC 27103 (336) 727-0900 About Martins Properties LLC Martins Properties, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D.N.C. Case No. 26-50107) on February 16, 2026, with $100,001 to $500,000 in assets and liabilities. Samantha K. Brumbaugh, Esq., at Ivey, Mcclellan, Siegmund, Brumbaugh & Mcdonough, LLP represents the Debtor as legal counsel. MAZCOTA LLC: Robbin Messerli Named Subchapter V Trustee ------------------------------------------------------- The U.S. Trustee for Region 13 appointed Robbin Messerli as Subchapter V trustee for Mazcota, LLC. Mr. Messerli will be paid an hourly fee of $300 for his services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Mr. Messerli declared that he is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Robbin L. Messerli 6917 Tomahawk Rd. P.O. Box 8686 Prairie Village, KS 66208-2618 Phone: 913.662.3524 Email: rob.messerli@gunrockvp.com About Mazcota LLC Mazcota, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D. Mo. Case No. 26-50059) on February 18, 2026, with $50,001 to $100,000 in assets and $1 million to $10 million in liabilities. Judge Cynthia A. Norton presides over the case. Ryan A. Blay, Esq., at Wm Law represents the Debtor as bankruptcy counsel. MIGHTY LEASE: Hires Geno and Steiskal as Bankruptcy Counsel ----------------------------------------------------------- Mighty Lease, LLC seeks approval from the U.S. Bankruptcy Court for the Southern District of Mississippi to hire Law Offices of Geno and Steiskal, PLLC as counsel. The firm will render these services: (a) advise and consult with the Debtor regarding questions arising from certain contract negotiations which will occur during the operation of business; (b) evaluate and attack claims of various creditors who may assert security interests in the assets and who may seek to disturb the continued operation of the business; (c) appear in, prosecute, or defend suits and proceedings, and take all necessary and proper steps and other matters and things involved in or connected with the affairs of the estate of the Debtor; (d) represent the Debtor in court hearings and assist in the preparation of contracts, reports, accounts, petitions, applications, orders and other papers and documents as may be necessary in this proceeding; (e) advise and consult with the Debtor in connection with any reorganization plan which may be proposed in this proceeding and any matters concerning it which arise out of or follow the acceptance or consummation of such reorganization or its rejection; and (f) perform such other legal services on behalf of the Debtor as they become necessary in this proceeding. The firm will be paid at these hourly rates: Craig Geno, Attorney $500 Christopher Steiskal, Attorney $400 Paralegals $250 In addition, the firm will seek reimbursement for expenses incurred. The firm received a retainer of $21,800 from the Debtor, inclusive of $1,738 filing fee. Mr. Geno disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Craig M. Geno, Esq. Christopher Steiskal, Esq. Law Offices of Craig M. Geno, PLLC 601 Renaissance Way, Suite A Ridgerland, MS 39157 Telephone: (601) 427-0048 Facsimile: (601) 427-0050 Email: cmgeno@cmgenolaw.com csteikal@cmgenolaw.com About Mighty Lease, LLC Mighty Lease, LLC, based in Gulfport, Mississippi, provides automotive equipment rental and leasing services, serving clients in Mississippi and surrounding regions. Mighty Lease, LLC filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. S.D. Miss. Case No. 26-50142) on January 28, 2026, listing $10 million to $50 million in both assets and liabilities. Judge Katharine M Samson presides over the case. Craig M. Geno, Esq. at LAW OFFICES OF GENO AND STEISKAL, PLLC represents the Debtor as counsel. MILKHOUSE INVESTORS: Seeks Chapter 7 Bankruptcy in California ------------------------------------------------------------- On February 13, 2026, Milkhouse Investors, LLC, filed for Chapter 7 protection in the U.S. Bankruptcy Court for the Central District of California. According to court filings, the Debtor reports between $0 and $100,000 in debt owed to 1–49 creditors. About Milkhouse Investors, LLC Milkhouse Investors, LLC is a California-based investment company focused on managing private investments and financial interests. The company engages in investment holdings and related financial activities. Milkhouse Investors, LLC sought relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. Case No. 26-11349) on February 13, 2026. In its petition, the Debtor reports estimated assets of $0–$100,000 and estimated liabilities of $0–$100,000. Honorable Bankruptcy Judge Deborah J. Saltzman handles the case. The Debtor is represented by Rosendo Gonzalez, Esq. of Gonzalez & Gonzalez Law, P.C. MOUNTAIN LAKES CLUB: Seeks Chapter 7 Bankruptcy in New Jersey ------------------------------------------------------------- On February 13, 2026, Mountain Lakes Club, Inc., filed for Chapter 7 protection in the U.S. Bankruptcy Court for the District of New Jersey. According to court filings, the Debtor reports between $100,001 and $1,000,000 in debt owed to 100–199 creditors. About Mountain Lakes Club, Inc. Mountain Lakes Club, Inc. is a New Jersey-based recreational and social club offering membership amenities, event hosting, and leisure facilities. Mountain Lakes Club, Inc. sought relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. Case No. 26-11644) on February 13, 2026. In its petition, the Debtor reports estimated assets of $100,001–$1,000,000 and estimated liabilities of $100,001–$1,000,000. Honorable Bankruptcy Judge Stacey L. Meisel handles the case. The Debtor is represented by Sam Della Fera, Jr., Esq., of Chiesa Shahinian & Giantomasi PC. MOUNTAIN VISTA: Trustee Taps San Diego Land Lawyers as Counsel -------------------------------------------------------------- David P. Stapleton, the Chapter 11 trustee of Mountain Vista Holdings, LLC, seeks approval from the U.S. Bankruptcy Court for the Central District of California to hire San Diego Land Lawyers as his land use and real estate attorneys. The firm will render these services: 1. review and resolve subdivision and legal lot issues under the California Subdivision Map Act; 2. process Certificates of Compliance, parcel maps, or related subdivision actions; 3. secure or perfect land use entitlements; 4. coordinate with San Diego County and applicable agencies; and 5. perform related engineering, traffic, and government coordination services necessary to preserve or maximize estate value. The firm's hourly rates are: Robin Munroe Madaffer, Esq. $850 Mo Sammak, Professional Engineer $600 Farah Mahzari, P.E., Traffic Engineer $500 Kyle Alderman, Manager of Public Affairs $300 San Diego Land Lawyers is a "disinterested person" within the meaning of 11 U.S.C. 101(14), according to court filings. The firm can be reached through: Robin Munro Madaffer, Esq. San Diego Land Lawyers 1620 Fifth Avenue, Suite 400 San Diego, CA 92101 Tel: (619) 239-7600 About Mountain Vista Holdings LLC Mountain Vista Holdings, LLC is a single-asset real estate company in Los Angeles, Calif. Mountain Vista Holdings sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. C.D. Calif. Case No. 25-13296) on November 19, 2025, with $8,200,200 in assets and $4,786,000 in liabilities. D. Scott Abernethy, manager, signed the petition. Judge Scott C. Clarkson presides over the case. James Mortensen, Esq., at Socal Law Group, PC represents the Debtor as bankruptcy counsel. MULTI-COLOR CORP: Russell R. Johnson Represents Utility Companies ----------------------------------------------------------------- In the Chapter 11 bankruptcy cases of Multi-Color Corporation and its debtor-affiliates, Russell R. Johnson III, PLC, filed with the United States Bankruptcy Court for the District of New Jersey a Verified Statement pursuant to Federal Rule of Bankruptcy Procedure 2019 to inform the Court that the law firm represents utility companies that provided prepetition utility goods or services to the Debtors, and continue to provide those services post-petition. The names and addresses of the Utilities represented by the Firm are: A. Commonwealth Edison Company PECO Energy Company Attn: Lynn R. Zack, Esq. Assistant General Counsel Exelon Corporation 2301 Market Street, S23-1 Philadelphia, PA 19103 B. Virginia Electric and Power Company d/b/a Dominion Energy Virginia Attn: Sherry Ward 600 East Canal Street, 16th floor Richmond, VA 23219 C. Southern California Edison Company Attn: Jeffrey S. Renzi, Esq. Director and Managing Attorney Southern California Edison Company, Law Department 2244 Walnut Grove Avenue Rosemead, CA 91770 D. Metropolitan Edison Company Pennsylvania Electric Company Attn: Kathy Hofacre FirstEnergy Service Company 341 White Pond Drive Akron, OH 44320 PECO Energy Company, Virginia Electric and Power Company d/b/a Dominion Energy Virginia, Southern California Edison Company, Metropolitan Edison Company, and Pennsylvania Electric Company have unsecured claims against the Debtors arising from prepetition utility usage. Commonwealth Edison Company held a prepetition cash deposit that wholly secured prepetition debt. Russell R. Johnson III, PLC, was retained to represent the Utilities in February 2026. The circumstances and terms and conditions of employment of the Firm by the Utilities are protected by the attorney-client privilege and the attorney work product doctrine. Co-Counsel for Commonwealth Edison Company, PECO Energy Company, Virginia Electric and Power Company d/b/a Dominion Energy Virginia, Southern California Edison Company, Metropolitan Edison Company, and Pennsylvania Electric Company: Kyriaki Christodoulou, Esq. CULLEN AND DYKMAN LLP One Battery Plaza, 34th Floor New York, NY 10004 Tel: (212) 701-4170 Fax: (212) 742-1219 - and - Russell R. Johnson, III, Esq. RUSSELL R. JOHNSON III, PLC 2258 Wheatlands Drive Manakin-Sabot, VA 23103 Tel: (804) 749-8861 E-mail: russell@russelljohnsonlawfirm.com About Multi-Color Corporation Multi-Color Corporation (MCC) provides prime label solutions to some of the world's most recognizable brands across a broad range of consumer-oriented end categories. Founded in 1916 and now headquartered in Atlanta, Georgia, the Company operates more than 90 facilities across over 25 countries, including 39 in North America, and employs approximately 12,800 people worldwide. Multi-Color Corp. and its affiliates sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D.N.J. Lead Case No. 26-10910) on January 29, 2026. In its petition, MCC listed assets between $1 billion and $10 billion and liabilities of $5.9 billion. The Honorable Bankruptcy Judge Michael B. Kaplan handles the case. Kirkland & Ellis LLP and Cole Schotz P.C. are serving as legal counsel, Evercore is serving as investment banker, AlixPartners is serving as financial advisor, Quinn Emanuel Urquhart & Sullivan, LLP is serving as special counsel to the Special Committee of LABL, Inc.Ã¢â‚¬â„¢s Board of Directors, and FGS Global is serving as strategic communications advisor to the Company. Kurtzman Carson Consultants, LLC, doing business as Verita Global, is the claims agent. Debevoise & Plimpton LLP and Latham & Watkins LLP are serving as legal counsel to CD&R and Moelis & Company LLC is serving as financial advisor. Milbank LLP and PJT Partners serve as legal counsel and financial advisor, respectively, to the ad hoc group of secured creditors. NFN8 GROUP: Seeks to Hire Synteq Digital Operations as Broker ------------------------------------------------------------- NFN8 Group Inc. and its affiliates, NFN8 Capital, LLC, and NFN8 Holdings, LLC, seek approval from the U.S. Bankruptcy Court for the Western District of Texas to hire Synteq Digital Operations US, LLC as broker. The firm will render these services: a. Marketing and Buyer Outreach. Synteq will develop and implement a marketing strategy designed to expose the Debtors' mining equipment, infrastructure, and site assets to qualified purchasers, including mining operators, infrastructure funds, and data-center and power-capacity investors. This will include preparation of marketing materials, identification and solicitation of potential purchasers, and coordination of communications with interested parties; b. Valuation, Due Diligence, and Data Management. Synteq will assist the Debtors in organizing asset information, preparing and maintaining data rooms, coordinating due diligence requests, and conducting documentary and technical reviews of the assets to facilitate potential transactions. Synteq may also perform or coordinate serialized equipment audits, technical documentation reconciliation, and other diligence-related services necessary to prepare the assets for sale. c. Logistics, Inspection, and Preparation for Sale. With respect to mining equipment, Synteq will coordinate decommissioning, transport, inventory audits, diagnostic testing, cleaning, consolidation into marketable lots, and related processing designed to prepare the equipment for disposition in an efficient and commercially reasonable manner. Synteq will also coordinate site visits, inspections, and technical evaluations by potential purchasers. d. Transaction Management and Negotiation Support. Synteq will assist the Debtors in soliciting, evaluating, and negotiating offers for the purchase of equipment and site assets, including presenting offers to the Debtors, providing market feedback, and assisting with transaction structuring and closing logistics. Synteq will have no authority to bind the Debtors to any transaction, and all transactions will remain subject to the Debtors' approval and approval of this Court. e. Closing and Administrative Support. Synteq will coordinate closing mechanics for any transactions, including management of escrow arrangements, coordination of documentation, and facilitation of the transfer of assets to purchasers. Synteq will also provide reporting to the Debtors regarding marketing efforts, offers received, and the status of ongoing sale processes. Synteq will be entitled to a success-based commission equal to 7.5 percent of the gross sale proceeds. As disclosed in the court filings, Synteq is a "disinterested person" as that term is defined in Bankruptcy Code section 101(14), as modified by Bankruptcy Code section 1107(b). The firm can be reached through: Taras Kulyk Synteq Digital Operations US, LLC 1209 Orange Street Wilmington, DE, 19801 Email: legal@synteq.digital Phone: (647) 703-6456 About NFN8 Group NFN8 Group, Inc., through its subsidiaries NFN8 Capital, LLC and NFN8 Holdings, LLC, operates industrial-scale Bitcoin mining operations across multiple facilities in the United States, managing thousands of high-performance mining computers supported by dedicated power, cooling, and network infrastructure. The Company's revenues are primarily derived from Bitcoin block rewards and transaction fees, supplemented by equipment sales, leases, joint ventures, and hosting fees, which are used to fund operations, maintain its mining fleet, and meet financial obligations. Its business is classified under the cryptocurrency and blockchain services sector, focusing on large-scale digital asset mining and infrastructure management. NFN8 Group, Inc., and its two subsidiaries sought Chapter 11 protection (Bankr. W.D. Texas Lead Case No. 26-10193) on Feb. 2, 2026. NFN8 Group listed assets of up to $50,000 and debt of $1 million to $10 million. Subsidiary NFN8 Capital listed assets and debt of $1 million to $10 million. The Hon. Shad M Robinson presides over the case. Kane Russell Coleman Logan PC is serving as the Debtors' bankruptcy counsel. HMP Advisory Holdings, LLC, d/b/a Harney Partners, is the Debtors' financial advisor. Erik White, a managing director of Harney Partners, has been designated as CRO of the Debtors. Winston & Strawn LLP is representing the Debtors in the lawsuit filed by Mobile Med Work Health Solutions, et al. NIGHTFOOD HOLDINGS: Seeks Short Extension on December 2025 10-Q --------------------------------------------------------------- Nightfood Holdings, Inc. disclosed in a regulatory filing that it has been unable, without unreasonable effort or expense, to timely compile all information for the disclosures required to be included in its Quarterly Report on Form 10-Q for the quarter ended December 31, 2025. The Company expects to file the Quarterly Report no later than the fifth calendar day following the prescribed filing date. About Nightfood Holdings Tarrytown, N.Y.-based Nightfood Holdings, Inc. is focused on identifying and exploiting explosive market trends within the hospitality, food services, and consumer goods sectors. By leading newly emerging categories and by identifying opportunities in markets undergoing transformational upheaval, the Company's aim is to create upside potential unmatched in more mature markets. As of September 30, 2025, the Company had $128,793,702 in total assets, $40,350,129 in total liabilities, $106,324,241 in total temporary equity, and $17,880,668 in total stockholders' deficit. Spokane, Wash.-based Fruci & Associates II, PLLC, the Company's auditor since 2024, issued a "going concern" qualification in its report dated October 14, 2025, attached to the Company's Annual Report on Form 10-K for the fiscal year ended June 30, 2025, citing that the Company has an accumulated deficit, limited available cash resources and does not believe cash on hand will be sufficient to fund operations and growth. These factors, among others, raise substantial doubt about the Company's ability to continue as a going concern. NINE ENERGY: Taps PricewaterhouseCoopers as Audit Services Provider ------------------------------------------------------------------- Nine Energy Service, Inc. and its affiliates seek approval from the U.S. Bankruptcy Court for the Southern District of Texas to hire PricewaterhouseCoopers LLP as audit services provider. The firm's services include: a. 2025 Integrated Audit i. PwC LLP will perform an integrated audit of the consolidated financial statements of Nine Energy at December 31, 2025 and for the year then ending and of the effectiveness of Nine Energy's internal control over financial reporting as of December 31, 2025. Upon completion, PwC LLP will provide Nine Energy with PwC LLP's report on the audit work. If for any reason PwC LLP is unable to complete PwC LLP's integrated audit or unable to form or has not formed an opinion, PwC LLP may decline to express an opinion or decline to issue a report as a result of this engagement. ii. In conjunction with the annual financial statement audit, PwC LLP will perform reviews of Nine Energy's unaudited consolidated quarterly financial information for each of the first three quarters in the year ending December 31, 2025, before the Form 10-Q is filed. These reviews will be conducted in accordance with the standards established by the PCAOB and are substantially less in scope than an audit. Accordingly, a review may not reveal material modifications necessary to make the quarterly financial information conform with generally accepted accounting principles. PwC LLP will communicate to the audit committee and management any matters that come to PwC LLP's attention as a result of the review that PwC LLP believes may require material modifications to the quarterly financial information to make it conform with accounting principles generally accepted in the United States of America. If for any reason PwC LLP is unable to complete its review, PwC LLP will notify the audit committee and management. iii. As part of this engagement and as is customary in PwC LLP's role as auditor, PwC LLP may provide various types of insights-whether oral, written, or visual. b. 2026 Integrated Audit: i. PwC LLP will perform an integrated audit of the consolidated financial statements of Nine Energy at December 31, 2026 and for the year then ending and of the effectiveness of Nine Energy's internal control over financial reporting as of December 31, 2026. Upon completion of work, PwC LLP will provide Nine Energy with PwC LLP's report on the audit work. If for any reason PwC LLP is unable to complete its integrated audit or unable to form or has not formed an opinion, PwC LLP may decline to express an opinion or decline to issue a report as a result of this engagement. ii. In conjunction with the annual financial statement audit, PwC LLP will perform reviews of Nine Energy's unaudited consolidated quarterly financial information for each of the first three quarters in the year ending December 31, 2026, before the Form 10-Q is filed. These reviews will be conducted in accordance with the standards established by the PCAOB and are substantially less in scope than an audit. Accordingly, a review may not reveal material modifications necessary to make the quarterly financial information conform with generally accepted accounting principles. PwC LLP will communicate to the audit committee and management any matters that come to PwC LLP's attention as a result of the review that PwC LLP believes may require material modifications to the quarterly financial information to make it conform with accounting principles generally accepted in the United States of America. If for any reason PwC LLP is unable to complete PwC LLP's review, PwC LLP will notify the audit committee and management. iii. As part of this engagement and as is customary in PwC LLP's role as auditor, PwC LLP may provide various types of insights-whether oral, written, or visual. The firm will receive compensation as follows: a. 2025 Integrated Audit: The 2025 Integrated Audit is a fixed fee engagement, largely completed pre-petition, whereby PwC LLP agreed to be paid a fixed fee of $1,850,000, exclusive of expenses, and was ultimately paid a total of $2,024,000, inclusive of expenses. Pre-Petition, PwC LLP was fully paid for its services under the 2025 Integrated Audit. b. 2026 Integrated Audit: The 2026 Integrated Audit is a fixed fee and hourly fee engagement whereby PwC LLP agreed to be paid a fixed fee of $1,450,000, exclusive of expenses. The fixed fee does not include additional services that may be required as a result of or during a reorganization, the fees for which are pursuant to the hourly rates set forth below. Pre-petition, PwC LLP was paid a retainer of $200,000 towards the fixed fee portion of the 2026 Integrated Audit, the balance of which remains on hand to be applied to approved post-petition fees in connection therewith. Assurance Specialists National Office Staff Class Rate/Hr Rate/Hr Rate/Hr Partner $1,100 $1,346 $1,572 Managing Director $900 $1,250 $1,485 Director $650 $1,125 $1,335 Senior Manager $525 $999 $1,180 Manager $450 $875 $1,017 Senior Associate $350 $725 Associate $250 $500 PricewaterhouseCoopers is a "disinterested person" within the meaning of section 101(14) of the Bankruptcy Code, as modified by section 1107(b) of the Bankruptcy Code, according to court filings. The firm can be reached through: Scott A. Ramage PricewaterhouseCoopers LLP 20550 SW 115th Avenue Tualatin, OR 97062 Email: scott.a.ramage@pwc.com About Nine Energy Service Nine is a leading oilfield services business that supplies cutting edge solutions for unconventional oil and gas resource extraction and development across North America and abroad. Nine's culture is driven by an intense focus on performance and wellsite execution as well as a commitment to forward-leaning technologies that aid the development of smarter, customized applications that drive efficiencies and reduced emissions for customers. Nine is headquartered in Houston, Texas with operational reach that extends across all major onshore basins in the United States and Canada. On the Web: http://www.nineenergyservice.com/ Nine Energy Service, Inc., and its subsidiaries sought Chapter 11 protection (Bankr. S.D. Tex. Lead Case No. 26-90295) on Feb. 1, 2026. Nine is advised in this matter by Kirkland & Ellis LLP and Kane Russell Coleman Logan PC as legal counsel, Moelis & Company as investment banker and FTI Consulting as financial and communications advisors. Epiq is the claims agent. Judge Christopher M. Lopes oversees the case. Certain noteholders under the Company's senior secured notes indenture are advised by Milbank LLP as legal counsel and Houlihan Lokey as investment banker. White Oak Commercial Finance, LLC, as DIP Agent, is advised by Paul Hastings LLP as legal counsel and Blake, Cassels & Graydon LLP, as Canadian counsel. NOAH WEBSTER BASIC SCHOOLS: S&P Lowers 2014/15 Bond Rating to 'B-' ------------------------------------------------------------------ S&P Global Ratings lowered its long-term rating to 'B-' from 'B+' on the Pima County Industrial Development Authority, Ariz.'s series 2014 and series 2015 charter school revenue and revenue refunding bonds, issued for Noah Webster Basic Schools Inc. S&P also placed the rating on CreditWatch with negative implications. The downgrade reflects S&P's understanding that Noah Webster Basic Schools is in active discussions with bondholders seeking a forbearance agreement that could result in less than full and timely payments of debt service with the next payment due June 30, 2026. Since December 2025, management has indicated the potential for divestiture for certain assets or portions of operations, although negotiations are ongoing. S&P said, "The CreditWatch reflects that we could lower the rating on the bonds again, depending on how the plans for forbearance and future school operations develop and are finalized in the upcoming weeks. "The CreditWatch placement reflects a one-in-two chance we could lower the rating, possibly by multiple notches, within the next 90 days--during which time we expect to receive finalized information regarding details surrounding the potential forbearance agreements." NORTHRIVER MIDSTREAM: Term Loan Add-on No Impact on Moody's Ba3 CFR ------------------------------------------------------------------- Moody's Ratings says NorthRiver Midstream Finance LP's (NorthRiver) rating, including its Ba3 corporate family rating, Ba3-PD probability of default rating, Ba3 senior secured global notes and Ba3 senior secured 1st lien term loan B ratings, are unaffected by the proposed US$150 million add-on to the existing term loan B due 2030. The company's outlook is stable. The transaction is leverage neutral, with proceeds from the add-on being used to reduce revolver borrowings. RATINGS RATIONALE NorthRiver's rating is supported by: (1) strong earnings visibility supported by take-or-pay contracts constituting approximately 90% of revenue; (2) a diversified customer base underpinned by strong counterparties; (3) extensive natural gas pipeline and processing footprint concentrated in prolific areas of the Montney with differentiating sour gas processing capacity; and (4) a strong operational track record. The rating is constrained by: (1) high leverage, with debt to EBITDA sustained above 5x; (2) some exposure to market demand fluctuations involving price and volume risks on interruptible revenue and contract renewals; (3) dependence on continued development of the Montney for growth; and (4) ownership by private equity (Brookfield Infrastructure), with a track record of prioritizing distributions over deleveraging. NorthRiver's liquidity is adequate. Pro-forma for the add-on Moody's estimates sources total close to C$780 million compared to uses of over C$200 million through year end 2026. Pro-forma Moody's estimates cash on hand of around C$180 million, and full availability under the $600 million revolving credit facility ($400M tranche expiring August 2030, and a $200M tranche expiring August 2028). Moody's expects over $200 million in negative free cash flow in 2026. Moody's expects the company will maintain compliance with its leverage covenant. NorthRiver has limited alternate sources of liquidity as it has pledged all of its assets to secured lenders. The stable outlook reflects Moody's expectations that NorthRiver will generate steady EBITDA and maintain good revenue visibility. The outlook also incorporates good execution through the Connector buildout, with some uptick in financial leverage and negative free cash flow. FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGS The ratings could be downgraded if Moody's adjusted gross debt to EBITDA is sustained above 6x (6.5x on a fully consolidate basis), there is a decline in EBITDA or weakening of contract renewals or terms. The ratings could be upgraded if Moody's adjusted gross debt to EBITDA sustained below 5x (5.5x on a fully consolidated basis) with steady EBITDA growth and track record of a more conservative financial policy. NorthRiver Midstream Finance LP, based in Calgary, Alberta, is a privately-held midstream company that gathers and processes natural gas in northeastern British Columbia and west central Alberta. O & K ALEXANDER'S: Seeks to Extend Plan Exclusivity to March 6 -------------------------------------------------------------- O & K Alexander's Co. Inc. asked the U.S. Bankruptcy Court for the Northern District of Illinois to extend its exclusivity periods to file a plan of reorganization and obtain acceptance thereof to March 6 and May 5, 2026, respectively. The Debtor explains that it needed to file the petition with a list of creditors only in order to stay a mortgage foreclosure case pending in the Circuit Court of Cook County, IL, filed by Community Loan Servicing, LLC f/k/a Bayview Loan Servicing, LLC. The Debtor is the owner of real property commonly known as 8022-24 S. Cottage Grove Avenue, Chicago, IL 60619 ("Property"), which is "single asset real estate" as the term is defined in Section 101(51B). A status hearing on the Chapter 11 case was held on February 18, 2026. At the status hearing, the company's counsel advised the Court and the office of the U.S. Trustee that the Plan and disclosure statement would not be filed on February 18 as previously ordered by the Court. Mr. Schechter advised that he recently learned that the Debtor's sole shareholder and officer had experienced certain medical issues during the previous few weeks that resulted in her not being able to provide to its counsel bank and accounting records and projections for the payment terms of a Plan. Moreover. Mr. Schechter indicated that he would be out of town during the last week of February, but he thought the Plan could be filed by March 6, 2026. The status hearing was then continued to March 17, 2026, at 9:30 a.m. O & K Alexander's Co. Inc. is represented by: Joel A. Schechter, Esq. Law Offices of Joel A. Schechter 53 W. Jackson Blvd., Suite 860 Chicago, IL 60604 Telephone: (312) 332-0267 Email: joel@jasbklaw.com About O & K Alexander's O & K Alexander's Co. Inc. is a single assets real estate company. O & K Alexander's Co. Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ill. Case No. 25-15355) on Oct. 6, 2025. In its petition, the Debtor reports estimated assets and liabilities between $100,001 and $1 million each. Bankruptcy Judge Timothy A. Barnes handles the case. The Debtor is represented by Joel A. Schechter, Esq., Law Office of Joel A. Schechter. ONYX BUSINESS: Michael Markham Named Subchapter V Trustee --------------------------------------------------------- The Acting U.S. Trustee for Region 21 appointed Michael Markham, Esq., as Subchapter V trustee for Onyx Business Solutions of Florida, Inc. Mr. Markham, a partner at Johnson Pope Bokor Ruppel & Burns, LLP, will be paid an hourly fee of $400 for his services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Mr. Markham declared that he is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Michael C. Markham, Esq. Johnson Pope Bokor Ruppel & Burns, LLP 401 E. Jackson Street, Suite 3100 Tampa, FL 33602 Phone: (727) 480-5118 Mikem@jpfirm.com About Onyx Business Solutions of Florida Inc. Headquartered in Tampa, Onyx Business Solutions of Florida, Inc. provides printing and document management solutions across Florida, including Jacksonville, Orlando, Naples, Miami, and Fort Lauderdale. It offers high-speed inkjet and laser printers, duplicators, paper handling equipment, and document management software, supported by local sales, technical service, and supply management. Its operations focus on delivering cost-effective, high-volume printing solutions and related equipment to organizations printing between 500 and 5 million copies per month. Onyx sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Fla. Case No. 26-01104) on February 12, 2026, with $416,740 in assets and $1,631,766 in liabilities. Onyx President Stephen Craig signed the petition. Samantha L. Dammer, Esq., at Bleakley Bavol Denman & Grace represents the Debtor as legal counsel. PEAKS CONCRETE: Commences Chapter 7 Bankruptcy in New Jersey ------------------------------------------------------------ On February 17, 2026, Peaks Concrete and Construction, LLC filed for Chapter 7 protection in the U.S. Bankruptcy Court for the District of New Jersey. According to court filings, the Debtor reports between $100,001 and $1,000,000 in debt owed to 1–49 creditors. About Peaks Concrete and Construction, LLC Peaks Concrete and Construction, LLC is a New Jersey-based construction company specializing in concrete installation, repair, and general construction services for residential and commercial clients. The company has provided structural and site-related concrete work throughout the region. Peaks Concrete and Construction, LLC sought relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. Case No. 26-11734) on February 17, 2026. In its petition, the Debtor reports estimated assets of $0–$100,000 and estimated liabilities of $100,001–$1,000,000. The Debtor is represented by Gary E. Thompson, Esq. PLATINUM HEIGHTS: Taps Epiq Corporate as Claims and Noticing Agent ------------------------------------------------------------------ Platinum Heights, LP, seeks approval from the U.S. Bankruptcy Court for the Southern District of Texas to hire Epiq Corporate Restructuring, LLC as noticing and solicitation agent. Epiq will oversee the distribution of notices and will assist in the maintenance, processing, and docketing of proofs of claim filed in the Chapter 11 cases of the Debtors. Before the petition date, the Debtors provided Epiq a retainer in the amount of $25,000. Sophie Frodsham, a consulting director at Epiq, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Sophie Frodsham Epiq Corporate Restructuring, LLC 122 East, 42nd Street, 18th Floor New York, NY 10168 About Platinum Heights LP Platinum Heights, LP, filed a Chapter 11 petition (Bankr. S.D. Tex. Case No. 25-90012) on Feb. 20, 2025, listing between $50 million and $100 million in both assets and liabilities. Judge Alfredo R. Perez oversees the case. Omar Jesus Alaniz, Esq., at Reed Smith, LLP is the Debtor's legal counsel. B1 Bank, as secured lender, is represented by Michael P. Menton, Esq. and Danika L. Lopez, Esq. at SettlePou. POSIGEN PBC: Gets Court Approval for Chapter 11 Wind-Down Plan -------------------------------------------------------------- Rick Archer of Law360 reports that a Texas bankruptcy court approved PosiGen's Chapter 11 wind-down plan Monday, February 23, 2026, after the solar leasing firm updated its third-party release provisions in response to a recent federal district court opinion. The company informed the court that it revised the plan to conform to the ruling, which scrutinized the scope and enforceability of nondebtor releases granted in reorganization plans, according to report. Counsel said the amended language ensures that releases are limited and consensual, addressing concerns raised by objectors and aligning the plan with controlling precedent. Following those changes, the judge confirmed the plan, clearing the way for PosiGen to implement its wind-down strategy and make distributions under the Chapter 11 framework, the erport states. About PosiGen, PBC PosiGen, PBC is a residential solar energy company. PosiGen PBC and its debtor-affiliates sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Case No. 25-90787) on Nov. 24, 2025. In its petition, PosiGen listed between $100 million and $500 million in both assets and liabilities. The Honorable Bankruptcy Judge Alfredo R. Perez handles the case. The Debtors tapped White & Case as counsel; FTI Consulting, Inc., as financial advisor; and Kroll Restructuring Administration, LLC as claims and noticing agent. The official committee of unsecured creditors appointed in these Chapter 11 cases tapped McDermott Will & Schulte LLP and Pachulski Stang Ziehl & Jones LLP as counsel and Province, LLC as financial advisor. PRECIOUS GEMS: Brian Hofmeister Named Subchapter V Trustee ---------------------------------------------------------- The U.S. Trustee for Regions 3 and 9 appointed Brian Hofmeister, Esq., as Subchapter V trustee for Precious Gems Academy, Inc. Mr. Hofmeister will be paid an hourly fee of $425 for his services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Mr. Hofmeister declared that he is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Brian W. Hofmeister, Esq. 3131 Princeton Pike Building 5, Suite 110 Lawrenceville, NJ 08648 Phone: (609) 890-1500 Email: bwh@hofmeisterfirm.com About Precious Gems Academy Inc. Precious Gems Academy, Inc. operates a childcare and early education center in Hunterdon County, New Jersey, providing infant, toddler, and preschool care services. The academy offers structured early childhood programs that incorporate the HighScope curriculum and provides meals through participation in the Child and Adult Care Food Program. The company operates within the childcare and early education services industry, serving families through full-time and part-time care programs. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D.N.J. Case No. 26-11503) on February 10, 2026, with $189,813 in assets and $1,100,025 in liabilities. Karen Villacari, director, signed the petition. Andrew J. Kelly, Esq., at The Kelly Firm, P.C. represents the Debtor as legal counsel. PRESTIGE ACADEMICS: Seeks Chapter 7 Bankruptcy in Georgia --------------------------------------------------------- On February 11, 2026, Prestige Academics LLC filed a voluntary petition for relief under Chapter 7 in the U.S. Bankruptcy Court for the Northern District of Georgia. The Debtor reports debts totaling between $100,001 and $1,000,000 owed to approximately 1–49 creditors. About Prestige Academics LLC Prestige Academics LLC provides academic-related services. Prestige Academics LLC sought relief pursuant to Chapter 7 of the U.S. Bankruptcy Code (Bankr. Case No. 26-51855) on February 11, 2026. In its filing, the company disclosed estimated assets of $0–$100,000 and estimated liabilities of $100,001–$1,000,000. Honorable Bankruptcy Judge Sage M. Sigler presides over the case. The Debtor is represented by Tyanna Elizabeth Coleman, Esq., of Coleman Legal Group, LLC. PRETIUM PACKAGING: Court Approves Prepackaged Chapter 11 Plan ------------------------------------------------------------- Vince Sullivan of Law360 reports that Pretium Packaging LLC secured confirmation of its prepack Chapter 11 plan in New Jersey bankruptcy court after the judge upheld the legality of its opt-out third-party release provisions. Objectors had argued that the mechanism improperly bound creditors, but the court found the structure acceptable, emphasizing that parties were provided with clear disclosure and an opportunity to opt out. The decision allows the company to finalize its balance-sheet overhaul and proceed with its reorganization strategy under court supervision, the report states. About Pretium Packaging LLC Pretium Packaging LLC is a Missouri-based packaging solutions company specializing in custom-designed labels and packaging products for retail, consumer goods, and industrial customers. The company provides a range of label technologies and services to support brand presentation, product traceability, and supply chain needs. Pretium Packaging LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D.N.J. Case No. 26-10896) on January 28, 2026. In its petition, the Debtor reports estimated assets and liabilities between $1 billion and $10 billion each. Honorable Bankruptcy Judge Christine M. Gravelle handles the case. The Debtor is represented by Michael D. Sirota, Esq. of Cole Schotz P.C. PRETIUM PACKAGING: Milbank LLP & Chiesa Represent 1L and 2L Lenders ------------------------------------------------------------------- In the Chapter 11 bankruptcy cases of Pretium Packaging, LLC and its debtor-affiliates, Milbank LLP and Chiesa Shahinian & Giantomasi PC filed with the United States Bankruptcy Court for the District of New Jersey a Verified Statement pursuant to Bankruptcy Rule 2019 to inform the court of the law firms' representation of an ad hoc group of first lien lenders and second lien lenders who are holders of, or investment advisors, sub-advisors, or managers of funds or discretionary accounts that hold the claims against or equity interests with the debtors, including (i) the DIP Term Loan Commitments, (ii) First Lien Term Loans, and (iii) Second Lien Term Loans. According to the Verified Statement: 1. In July 2025, the Ad Hoc Group retained Milbank LLP as Counsel in connection with any potential restructuring or refinancing of the Debtors. In January 2026, in connection with the Debtors' filing of the chapter 11 cases, the Ad Hoc Group also retained Chiesa Shahinian & Giantomasi PC as co-Counsel. 2. Counsel represents only the Ad Hoc Group and does not represent, or purport to represent, any entities other than the Ad Hoc Group in connection with the Debtors' chapter 11 cases. In addition, none of the members of the Ad Hoc Group represents or purports to represent any other entities in connection with the Debtors’ chapter 11 cases. 3. Each member of the Ad Hoc Group has indicated to Counsel that they are Holders of or otherwise own disclosable economic interests in relation to the Debtors. 4. Nothing contained in this Verified Statement is intended to or should be construed to constitute (i) a waiver or release of any claims against or equity interests in the Debtors by any of the members of the Ad Hoc Group or any of their respective affiliates, or (ii) an admission with respect to any fact or legal theory. Nothing herein should be construed as a limitation upon, or waiver of, any rights of any of the members of the Ad Hoc Group or any of their respective affiliates to assert, file, and/or amend any claim or proof of claim filed in accordance with applicable law and any orders entered in these cases. In accordance with Bankruptcy Rule 2019, the names, addresses, nature, and amount of all disclosable economic interests of each member of the Ad Hoc Group in relation to the Debtors, are: 1. Anchorage Capital Advisors, L.P. 610 Broadway 6th Floor New York, NY 10012 DIP Term Loans: $108,312,757.86 DIP Term Loan Commitments: $35,789,128.20 First Lien Tranche A-1 Term Loans: $328,189,253.78 Second Lien Term Loans: $2,500,000.00 2. Ares Management Corporation 1800 Avenue of the Stars 4th Floor Los Angeles, CA 90067 DIP Term Loans: $55,332,091.67 DIP Term Loan Commitments: $18,283,047.77 First Lien Tranche A-1 Term Loans: $167,185,910.79 3. Canyon Capital Advisors LLC Attn: Legal Department 2728 N. Harwood St. 2nd Floor Dallas, TX 75201 DIP Term Loans: $37,656,347.42 DIP Term Loan Commitments: $12,442,558.72 First Lien Tranche A-1 Term Loans: $113,713,145.22 Second Lien Term Loans: $78,404,791.25 4. HPS Investment Partners, LLC 40 West 57th Street Floor 33 New York, NY 10019 DIP Term Loans: $35,970,264.55 DIP Term Loan Commitments: $11,885,436.53 First Lien Tranche A-1 Term Loans: $109,113,633.69 Co-Counsel for the Ad Hoc Group: Evan R. Fleck, Esq. Matthew Brod, Esq. Jason Kestecher, Esq. MILBANK LLP 55 Hudson Yards New York, NY 10001-2163 Tel: (212) 530-5000 Fax: (212) 530-5219 E-mail: efleck@milbank.com mbrod@milbank.com jkestecher@milbank.com - and - Matthew E. Beck, Esq. Thomas M. Walsh, Esq. Sam Della Fera, Jr., Esq. CHIESA SHAHINIAN & GIANTOMASI PC 105 Eisenhower Parkway Roseland, NJ 07068 Tel: (973) 325-1500 Fax: (973) 325-1501 E-mail: mbeck@csglaw.com twalsh@csglaw.com sdellafera@csglaw.com About Pretium Packaging LLC Pretium Packaging LLC is a Missouri-based packaging solutions company specializing in custom-designed labels and packaging products for retail, consumer goods, and industrial customers. The company provides a range of label technologies and services to support brand presentation, product traceability, and supply chain needs. Pretium Packaging LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D.N.J. Case No. 26-10896) on January 28, 2026. In its petition, the Debtor reports estimated assets and liabilities between $1 billion and $10 billion each. The Honorable Bankruptcy Judge Christine M. Gravelle handles the case. The Debtors have hired Kirkland & Ellis LLP as counsel; FTI Consulting, Inc. as financial advisor; Evercore Group L.L.C. as investment banker; and Stretto Inc. as claims, noticing & solicitation agent and administrative advisor. QUARTZ MASTERS: Commences Chapter 7 Bankruptcy in Georgia --------------------------------------------------------- On February 11, 2026, Quartz Masters of Atlanta, LLC filed for Chapter 7 protection in the U.S. Bankruptcy Court for the Northern District of Georgia. According to court filings, the Debtor reports between $100,001 and $1,000,000 in debt owed to 1–49 creditors. About Quartz Masters of Atlanta, LLC Quartz Masters of Atlanta, LLC is a Georgia-based limited liability company specializing in countertop fabrication and installation services. Quartz Masters of Atlanta, LLC sought relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. Case No. 26-51837) on February 11, 2026. In its petition, the Debtor reports estimated assets of $0–$100,000 and estimated liabilities of $100,001–$1,000,000. Honorable Bankruptcy Judge Jonathan W. Jordan handles the case. The Debtor is represented by William A. Rountree, Esq. of Rountree Leitman Klein & Geer, LLC. R&R POOLS: Seeks to Hire Calaiaro Valencik as Bankruptcy Counsel ---------------------------------------------------------------- R&R Pools and Construction, Inc. seeks approval from the U.S. Bankruptcy Court for the Western District of Pennsylvania to hire Calaiaro Valencik as counsel. The firm's services include: (a) prepare the bankruptcy petition and attendance at the Initial Debtor Interview and 341 Meeting of Creditors; (b) represent the Debtor in relation to negotiating an agreement on cash collateral; (c) represent the Debtor in relation to acceptance or rejection of executory contracts; (d) advise the Debtor with regard to its rights and obligations during the Chapter 11 case; (e) represent the Debtor in relation to any motions to convert or dismiss this Chapter 11; (f) represent the Debtor in relation to any motions for relief from stay filed by any creditors; (g) prepare the Chapter 11 Plan and Disclosure Statement, or equivalents; (h) prepare any objection to claims in the Chapter 11; and (i) otherwise, represent the Debtor in general. The firm's counsel and staff will be paid at these hourly rates: Donald Calaiaro, Partner $550 David Valencik, Partner $450 Andrew Pratt, Partner $375 Daniel White, Partner $350 Paralegals $130 In addition, the firm will seek reimbursement for expenses incurred. The firm received a total retainer of $8,738, including filing fee, from the Debtor. Mr. Calaiaro disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Donald R. Calaiaro, Esq. Calaiaro Valencik 555 Grant Street, Suite 300 Pittsburgh, PA 15219 Telephone: (412) 232-0930 Facsimile: (412) 232-3858 Email: dvalencik@c-vlaw.com About R&R Pools and Construction, Inc. R&R Pools and Construction, Inc. filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. W.D. Pa. Case No. 26-20361) on February 6, 2026, listing $100,001 to $500,000 in assets and $500,001 to $1 million in liabilities. Donald R. Calaiaro, Esq. at Calaiaro Valencik serves as the Debtor's counsel. RED RIVER: Beasley Allen Ouster Upheld in NJ Talc Suits ------------------------------------------------------- Alex Ebert of Bloomberg Law reports that a state trial judge in New Jersey refused to halt an order removing Beasley Allen from the massive ovarian cancer litigation involving tens of thousands of claims over Johnson & Johnson talc products. Judge John C. Porto rejected the firm's bid to stay a February 6, 2026 decision by the appellate division that disqualified it from participating in the multicounty proceedings he manages. Beasley Allen has been representing a substantial portion of the plaintiffs, the report states. In denying the stay, Porto said the appellate court’s central holding was unequivocal: the firm was disqualified, and the trial court was bound to implement that directive. As a result, the litigation against Johnson & Johnson will move forward without the Alabama-based firm unless higher courts intervene. About J&J Talc Units LLT Management, LLC (formerly known as LTL Management LLC) was a subsidiary of Johnson & Johnson that was formed to manage and defend thousands of talc-related claims and oversee the operations of Royalty A&M. Royalty A&M owns a portfolio of royalty revenue streams, including royalty revenue streams based on third-party sales of LACTAID, MYLANTA/MYLICON and ROGAINE products. LTL Management first filed a petition for Chapter 11 protection (Bankr. W.D.N.C. Case No. 21-30589) on Oct. 14, 2021. The case was transferred to New Jersey (Bankr. D.N.J. Case No. 21-30589) on Nov. 16, 2021. The Hon. Michael B. Kaplan is the case judge. At the time of the filing, the Debtor was estimated to have $1 billion to $10 billion in both assets and liabilities. In the 2021 case, LTL Management tapped Jones Day and Rayburn Cooper & Durham, P.A., as bankruptcy counsel; King & Spalding, LLP and Shook, Hardy & Bacon LLP as special counsel; McCarter & English, LLP as litigation consultant; Bates White, LLC as financial consultant; and AlixPartners, LLP as restructuring advisor. Epiq Corporate Restructuring, LLC, served as the claims agent. On Dec. 24, 2021, the U.S. Trustee for Regions 3 and 9 reconstituted the talc claimants' committee and appointed two separate committees: (i) the official committee of talc claimants I, which represents ovarian cancer claimants, and (ii) the official committee of talc claimants II, which represents mesothelioma claimants. The official committee of talc claimants I tapped Genova Burns LLC, Brown Rudnick LLP, Otterbourg PC and Parkins Lee & Rubio LLP as its legal counsel. Meanwhile, the official committee of talc claimants II is represented by the law firms of Cooley LLP, Bailey Glasser LLP, Waldrep Wall Babcock & Bailey PLLC, Massey & Gail LLP, and Sherman Silverstein Kohl Rose & Podolsky P.A. Re-Filing of Chapter 11 Petition On Jan. 30, 2023, a panel of the Third Circuit issued an opinion directing this Court to dismiss the 2021 Chapter 11 Case on the basis that it was not filed in good faith. Although the Third Circuit panel recognized that the Debtor "inherited massive liabilities" and faced "thousands" of future claims, it concluded that the Debtor was not in financial distress before the filing. On March 22, 2023, the Third Circuit entered an order denying the Debtor's petition for rehearing. The Third Circuit entered an order denying LTL's stay motion on March 31, 2023, and, on the dame day,issued its mandate directing the Bankruptcy Court to dismiss the 2021 Chapter 11 Case. The Bankruptcy Court entered an order dismissing the 2021 Case on April 4, 2023. Johnson & Johnson on April 4, 2023, announced that its subsidiary LTL Management LLC (LTL) has re-filed for voluntary Chapter 11 bankruptcy protection (Bankr. D.N.J. Case No. 23-12825) to obtain approval of a reorganization plan that will equitably and efficiently resolve all claims arising from cosmetic talc litigation against the Company and its affiliates in North America. In the new filing, J&J said it has agreed to contribute up to a present value of $8.9 billion, payable over 25 years, to resolve all the current and future talc claims, which is an increase of $6.9 billion over the $2 billion previously committed in connection with LTL's initial bankruptcy filing in October 2021. LTL also has secured commitments from over 60,000 current claimants to support a global resolution on these terms. In August 2023, U.S. Bankruptcy Judge Michael Kaplan in Trenton, New Jersey, ruled that the second bankruptcy case should be dismissed. 3rd Try In May 2024, J&J announced its subsidiary LLT Management LLC is soliciting support for a consensual prepackaged bankruptcy plan to resolve its talc-related liabilities. Under the terms of the plan, a trust would be funded with over $5.4 billion in the first three years and more than $8 billion over the course of 25 years, which J&J calculates to have a net present value of $6.475 billion. If the Plan is accepted by at least 75% of voters, a bankruptcy was to be filed under the case name In re Red River Talc LLC. Epiq Corporate Restructuring, LLC is serving as balloting and solicitation agent for LLT. On Sept. 20, 2024, Red River Talc LLC filed a Chapter 11 bankruptcy petition (Bankr. S.D. Tex. Case No. 24-90505). Porter Hedges LLP and Jones Day serve as counsel in the new Chapter 11 case. Epiq is the claims agent. Paul Hastings LLP is counsel to the Ad Hoc Committee of Supporting Counsel. Randi S. Ellis is the proposed prepetition legal representative of future claimants. RED STAGE: Jonathan Dickey Named Subchapter V Trustee ----------------------------------------------------- The Acting U.S. Trustee for Region 19 appointed Jonathan Dickey as Subchapter V trustee for Red Sage Partners, LLC. Mr. Dickey will be paid an hourly fee of $425 for his services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Mr. Dickey declared that he is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Jonathan M. Dickey, Esq. 1660 Lincoln Street, Suite 1720 Denver, CO 80264 303-832-2400 Email: jmd@kutnerlaw.com About Red Sage Partners LLC Red Sage Partners, LLC is a Colorado limited liability company that operates two full-service restaurants, Chimayo Stone Fired Kitchen and Serafina's Steakhouse, in Durango. The company operates in the restaurant industry, providing dine-in service with alcohol and offering menus centered on steak, seafood, and regional cuisine. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Colo. Case No. 26-10850) on February 12, 2026, with $500,000 to $1 million in assets and $1 million to $10 million in liabilities. Bobby Middleton, member, signed the petition. Matthew Campbell, Esq., at the Law Offices of Matthew C. Campbell represents the Debtor as bankruptcy counsel. RENNINGER PROPERTIES: Hires Lawrence Rogak LLC as Co-Counsel ------------------------------------------------------------ Renninger Properties LLC seeks approval from the U.S. Bankruptcy Court for the District of Colorado to hire Lawrence Rogak LLC as co-counsel to Carothers & Hauswirth LLP. The firm's services include: a. advising the Debtor with respect to its powers and duties as a debtor-in-possession in the continued operation of its business and management of its property; b. assisting the Debtor in negotiation and documentation of financing arrangements, debt restructuring, and cash collateral orders; c. assisting the Debtor with the preparation of its Schedules, Statement of Financial Affairs, Applications, Answers, Orders, reports, and any other necessary legal pleadings and papers; d. providing legal services to Debtor in connection with the formulation and implementation of a plan of reorganization; and e. performing all other legal services for Debtor as debtor-in-possession, which may be necessary. The firm's hourly rate is $300. The sum of $1,738 was previously forwarded to Lawrence Rogak for payment of filing fees. As disclosed in the court filings, Lawrence Rogak LLC is a "disinterested" person, as that term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Lawrence N. Rogak, Esq. Lawrence Rogak LLC 765 Kohlor Drive Lafayette, CO 80026 Tel: (516) 322-2470 Email: InsuranceLawyer@yahoo.com About Renninger Properties LLC Renninger Properties LLC sought protection for relief under Chapter 11 of the Bankruptcy Code (Bankr. D. Colo. Case No. 26-10201) on January 13, 2026, listing up to $50,000 in both assets and liabilities. Lawrence N Rogak, Esq. at Lawrence N. Rogak LLC serves as the Debtor's counsel. RESTORATION DOCTOR: Hires Davidoff Hutcher & Citron as Co-Counsel ----------------------------------------------------------------- Restoration Doctor, LLC seeks approval from the U.S. Bankruptcy Court for the Southern District of New York to hire Davidoff Hutcher & Citron LLP as co-counsel. The firm will render these services: (a) advise the Debtor with respect to its powers and duties as debtor in possession in the continued management and operation of its businesses and properties; (b) advise and consult on the conduct of the Chapter 11 Case, including all of the legal and administrative requirements of operating in Chapter 11; (c) advise the Debtor in connection with its efforts to protect, preserve, and maximize the value of the Debtor's estate; (d) analyze proofs of claim filed against the Debtor and object to such claims as necessary; (e) represent the Debtor in connection with cash collateral and post-petition financing matters; (f) attend meetings and negotiate with representatives of creditors and other parties in interest; (g) analyze executory contracts and unexpired leases and potential assumptions, assignments, or rejections of such contracts and leases; (h) prepare pleadings in connection with the Chapter 11 Case, including motions, applications, answers, orders, reports, and necessary or otherwise beneficial to the administration of the Debtor's estate; (i) advise the Debtor in connection with any potential exit financing or other transaction to facilitate the Debtor's emergence from bankruptcy; (j) take necessary action on behalf of the Debtor to obtain approval of a disclosure statement and confirmation of a Chapter 11 plan; (k) appear before this Court or any appellate courts to protect the interests of the Debtor's estate before those courts; (l) advise on corporate, litigation, finance, tax, employee benefits, and other legal matters; and (m) perform all other necessary legal services for the Debtor in connection with the Chapter 11 Case. The hourly rates of the firm's counsel and staff are: Attorneys $475 to $875 Paraprofessionals $75 to $260 In addition, the firm will seek reimbursement for expenses incurred. Prior to the petition date, the firm received from the Debtor a retainer of $26,738. Robert Rattet, Esq., an attorney at Davidoff Hutcher & Citron, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Robert L. Rattet, Esq. Davidoff Hutcher & Citron LLP 605 Third Avenue New York, NY 10158 Tel: (212) 557-7200 Email: rlr@dhclegal.com About Restoration Doctor, LLC Restoration Doctor, LLC is a property restoration company providing water, fire, and mold remediation services to residential and commercial clients. The company specializes in restoring damaged properties to their original condition. Restoration Doctor, LLC filed for relief under Chapter 11 of the U.S. Bankruptcy Code on December 22, 2025, under Bankruptcy Case No. 25-12859. The bankruptcy petition reflects estimated assets of $1 million to $10 million and estimated liabilities in the same range. The case is assigned to Honorable Bankruptcy Judge Philip Bentley. The Debtor is represented by James B. Glucksman, Esq. of Davidoff Hutcher & Citron LLP. RESTORATION DOCTOR: Seeks to Hire Shapiro Law LLP as Co-Counsel --------------------------------------------------------------- Restoration Doctor, LLC seeks approval from the U.S. Bankruptcy Court for the Southern District of New York to hire Shapiro Law LLP as co-counsel. The firm will render these services: (a) advise the Debtor with respect to their powers and duties as Debtor and Debtor-in-possession; (b) attend meetings and negotiate with representatives of creditors and other parties-in-interest and advise and consult on the conduct of the case, including all of the legal and administrative requirements of operating in Chapter 11; (c) advise the Debtor on matters relating to the evaluation of the assumption, rejection or assignment of unexpired leases and executory contracts; (d) provide advice to the Debtor with respect to legal issues arising in or relating to the Debtor's ordinary course of business; (e) take all necessary action to protect and preserve the Debtor's estate, including the prosecution of actions on its behalf, the defense of any actions commenced against the estates, negotiations concerning all litigation in which the Debtor may be involved and objections to claims filed against the estates; (f) prepare on behalf of the Debtor all schedules, motions, pleadings, applications, adversary proceedings, answers, orders, reports and papers necessary to the administration of the estates; (g) negotiate and prepare on the Debtor's behalf a plan of reorganization, and all related agreements and/or documents, and take any necessary action on behalf of the Debtor to obtain confirmation of such plan; (h) attend meetings with third parties and participate in negotiations with respect to the above matters; (i) advise the Debtor with respect to its responsibilities in complying with the U.S. Trustee's Operating Guidelines and Reporting Requirements and with the rules of the court; (j) appear before this Court, and the U.S. Trustee, and protect the interests of the Debtor's estate before such courts and the U.S. Trustee; and (k) perform all other necessary legal services and provide all other necessary legal advice to the Debtor in connection with the Chapter 11 case. The firm's current rate is $600 per hour. The firm received a retainer in the amount of $5,000 with an additional $5,000 to be paid by February 28 and $6,000 by March 31, 2026. Shapiro Law LLC is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code, according to court filings. The firm can be reached through: Peter E. Shapiro, Esq. Shapiro Law LLC 8551 West Sunrise Boulevard, Suite 300 Plantation, FL 33322 Tel: (954) 315-1157 Email: pshapiro@shapirolawpa.com About Restoration Doctor, LLC Restoration Doctor, LLC is a property restoration company providing water, fire, and mold remediation services to residential and commercial clients. The company specializes in restoring damaged properties to their original condition. Restoration Doctor, LLC filed for relief under Chapter 11 of the U.S. Bankruptcy Code on December 22, 2025, under Bankruptcy Case No. 25-12859. The bankruptcy petition reflects estimated assets of $1 million to $10 million and estimated liabilities in the same range. The case is assigned to Honorable Bankruptcy Judge Philip Bentley. The Debtor is represented by James B. Glucksman, Esq. of Davidoff Hutcher & Citron LLP. RESULTS STAFFING: Hires Morris Palerm LLC as Bankruptcy Counsel --------------------------------------------------------------- Results Staffing Solutions, LLC seeks approval from the U.S. Bankruptcy Court for the District of Maryland to employ Morris Palerm, LLC as attorney. The firm's services include legal advice regarding the administration of the Debtor's Chapter 11 case, negotiating a consent plan for payment of the commercial lease arrears, and the filing of a plan of reorganization. Morris Palerm will bill $350 per hour for the services of Terry E. Morris, Esq., primary attorney, $100 per hour for legal assistants and paralegals. The firm received an initial retainer payment of $6,738. Mr. Morris disclosed in a court filing that his firm is a "disinterested person" pursuant to Section 101(14) of the Bankruptcy Code. The firm can be reached through: Terry E. Morris, Esq. Morris Palerm, LLC 804 Pershing Drive, Suite 207 Silver Spring, MD, 20910 Tel: (301) 424-6290 Fax: (301) 424-6294 Email: tmorris@morrispalerm.com About Results Staffing Solutions, LLC Results Staffing Solutions, LLC is a Maryland-based staffing and workforce solutions company providing temporary and permanent placement services across various industries. Results Staffing Solutions, LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-11382) on February 9, 2026. In its petition, the Debtor reports estimated assets of $100,001 to $1 million and estimated liabilities of up to $100,000. The Debtor is represented by Terry E. Morris, Esq., of Morris Palerm, LLC. REVLON INC: Talc Claimants Spar Over Absent Asbestos Trust in Court ------------------------------------------------------------------- Randi Love of Bloomberg Law reports that Revlon told a federal appeals court that it was not required to establish a trust for future asbestos claimants in its bankruptcy, pushing back against talc plaintiffs who say the company’s approach left them without adequate protection. At a hearing before the US Court of Appeals for the Third Circuit, lawyers for the plaintiffs argued that Revlon was aware of potential future asbestos-related claims but declined to invoke Section 524(g), the Bankruptcy Code provision designed to channel such liabilities into a trust, the report states. David Frederick, representing the talc claimants and appearing on behalf of Kellogg Hansen Todd Figel & Frederick PLLC, said the company’s failure to create a trust structure deprived future claimants of procedural safeguards built into the statute. Revlon responded that nothing in the Code compelled it to pursue a 524(g) trust and that its confirmed plan lawfully resolved claims while preserving the company’s ability to reorganize, according to Bloomberg Law. About Revlon Inc. Revlon Inc. manufactures, markets and sells an extensive array of beauty and personal care products worldwide, including color cosmetics; fragrances; skin care; hair color, hair care and hair treatments; beauty tools; men's grooming products; antiperspirant deodorants; and other beauty care products. Today, Revlon's diversified portfolio of brands is sold in approximately 150 countries around the world in most retail distribution channels, including prestige, salon, mass, and online. Since its breakthrough launch of the first opaque nail enamel in 1932, Revlon has provided consumers with high-quality product innovation, performance and sophisticated glamour. In 2016, Revlon acquired the iconic Elizabeth Arden company and its portfolio of brands, including its leading designer, heritage and celebrity fragrances. Revlon is among the leading global beauty companies, with some of the world's most iconic and desired brands and product offerings in color cosmetics, skin care, hair color, hair care and fragrances under brands such as Revlon, Revlon Professional, Elizabeth Arden, Almay, Mitchum, CND, American Crew, Creme of Nature, Cutex, Juicy Couture, Elizabeth Taylor, Britney Spears, Curve, John Varvatos, Christina Aguilera and AllSaints. Revlon sought Chapter 11 protection (Bankr. S.D.N.Y. Case No. 22-10760) on June 15, 2022. Fifty affiliates, including Almay, Inc., Beautyge Brands USA, Inc., and Elizabeth Arden, Inc., also sought bankruptcy protection on June 15 and June 16, 2022. Revlon disclosed total assets of $2,328,093,000 against total liabilities of $3,689,240,395 as of April 30, 2022. The Hon. David S. Jones is the case judge. The Debtors tapped Paul, Weiss, Rifkind, Wharton & Garrison, LLP as bankruptcy counsel; Mololamken, LLC as special litigation counsel; PJT Partners, LP as investment banker; KPMG, LLP as tax services provider; and Alvarez & Marsal North America, LLC as restructuring advisor. Robert M. Caruso and Matthew Kvarda of Alvarez & Marsal serve as the Debtors' chief restructuring officer and interim chief financial officer, respectively. Meanwhile, Kroll Restructuring Administration, LLC is the Debtors' claims agent and administrative advisor. The U.S. Trustee for Region 2 appointed an official committee of unsecured creditors on June 24, 2022. Brown Rudnick, LLP, Province, LLC and Houlihan Lokey Capital, Inc. serve as the committee's legal counsel, financial advisor and investment banker, respectively. REYNOLDS CRAFT: U.S. Trustee Unable to Appoint Committee -------------------------------------------------------- The U.S. Trustee for Region 13 disclosed in a court filing that no official committee of unsecured creditors has been appointed in the Chapter 11 case of Reynolds Craft, LLC. About Reynolds Craft LLC Reynolds Craft, LLC is a single-asset real estate entity that owns residential properties located at 19 Builders Lane and 712 W. Highway F in Anderson, Missouri, which together have an estimated current value of $1.03 million. Reynolds Craft sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D. Mo. Case No. 25-30319) on December 11, 2025, with total assets of $1,040,189 and total liabilities of $875,161. Brandon Reynolds, managing member of Reynolds Craft, signed the petition. Judge Brian T. Fenimore presides over the case. Bradley D. McCormack, Esq., at Sader Law Firm LLC, represents the Debtor as bankruptcy counsel. RIVULET ENTERTAINMENT: Delays Q2 10-Q Filing Due to Auditor Review ------------------------------------------------------------------ Rivulet Entertainment, Inc. disclosed in a regulatory filing that it is unable without unreasonable effort or expense, to file its Form 10-Q for the quarter ended December 31, 2025, within the prescribed time period due to a delay in completing the Financial Statements for review by the Company's Auditor. About Rivulet Entertainment Rivulet Entertainment, Inc. is an independent studio engaged in the production, distribution and marketing of star driven commercial feature-length films, television series and mini-series, and television movies, from initial creative development through principal photography, postproduction, distribution and ancillary sales. The Company also provides music production. As of September 30, 2025, the Company had $18,338,415 in total assets, $25,805,778 in total liabilities, and $7,467,363 in total shareholders' deficit. Tampa, Fla.-based Victor Astra Audit & Advisory, LLC, the Company's auditor since 2024, issued a "going concern" qualification in its report dated October 15, 2025, attached to the Company's Annual Report on Form 10-K for the year ended June 30, 2025, citing that the Company has incurred net losses and negative cash flow from operations. These factors raise substantial doubt about the Company's ability to continue as a going concern. RIZO-LOPEZ FOODS: Hearing Today on Bid to Use Cash Collateral ------------------------------------------------------------- The U.S. Bankruptcy Court for the Eastern District of California, Sacramento Division, is set to hold a hearing today to consider extending Rizo-Lopez Foods, Inc.'s authority to use cash collateral. The Debtor was previously allowed to access cash collateral under the court's February 11 eight interim order. The eight interim order approved the payment of the Debtor's expenses from the cash collateral in accordance with its budget. The order granted Wells Fargo Bank, N.A. and other secured creditors replacement liens on post-petition assets, with the same priority and extent as their pre-bankruptcy liens. It also approved the Debtor's payment of $88,000 to Wells Fargo Bank as additional protection. As of the petition date, the Debtor's cash collateral consists of cash on deposit ($1,000), accounts receivable ($1.045 million) and inventory ($1.866 million) in which Wells Fargo Bank, N.A. and other creditors assert an interest. About Rizo-Lopez Foods Inc. Rizo-Lopez Foods, Inc. produces Mexican-style dairy products including cheeses, sour creams, and desserts under the Tio Francisco and Don Francisco brands. Rizo-Lopez Foods filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. E.D. Ca. Case No. 25-25004) on September 15, 2025. At the time of filing, the Debtor estimated $10 million to $50 million in assets and $50 million to $100 million in liabilities. The petition was signed by Edwin Rizo as chief executive officer. Judge Christopher M Klein presides over the case. The Debtor tapped Hagop T. Bedoyan, Esq., at McCormick, Barstow, Sheppard, Wayte & Carruth, LLP as bankruptcy counsel; Hyman, Phelps & McNamara, P.C. as special counsel; Stapleton Group as financial advisor; and Juarez and Company CPA as accountant. Donlin, Recano & Company, LLC is the Debtor's claims and noticing agent and administrative advisor. The U.S. Trustee for Region 17 appointed an official committee to represent unsecured creditors in the Debtor's Chapter 11 case. Tucker Ellis, LLP and GlassRatner Advisory & Capital Group, LLC serve as the committee's legal counsel and financial advisor, respectively. SAKS GLOBAL: Paul Weiss, Porter Advise Anchorage, BlackRock et al. ------------------------------------------------------------------ In the Chapter 11 bankruptcy cases of Saks Global Enterprises LLC and its debtor-affiliates, Paul, Weiss, Rifkind, Wharton & Garrison LLP, and Porter Hedges LLP filed with the United States Bankruptcy Court for the District of Texas, Houston Division, a Verified Statement pursuant to Bankruptcy Rule 2019 to inform the Court that both firms represent the ad hoc group of certain unaffiliated holders of: (a) the SGUS First Out DIP Loans, (b) the SGUS Second Out DIP Loans, (c) the SGUS Third Out DIP Loans, (d) the Prepetition SGUS Notes, (e) the Prepetition OpCo Second Out Notes, (f) the Prepetition OpCo Third Out Notes, and (g) the Prepetition Initial Notes. According to the Verified Statement: 1. The Ad Hoc Group retained Paul, Weiss to represent as counsel in connection with a potential restructuring of the Debtors. Subsequently, the Ad Hoc Group retained Porter Hedges to serve as local counsel with respect to such matters. 2. On January 15, 2026, the Bankruptcy Court for the Southern District of Texas granted interim approval to the Debtors' DIP financing. 3. The information provided is based upon information provided to Counsel by the members of the Ad Hoc Group and is intended only to comply in accordance with Bankruptcy Rule 2019. 4. No member of the Ad Hoc Group has or is a party to any agreement to act as a group or in concert with respect to its interests in the Debtors, and each member of the Ad Hoc Group has the unrestricted right to act as it chooses in respect of such interests without respect to these actions or interests of any other party. In addition, neither the Ad Hoc Group nor any member of the Ad Hoc Group (a) assumed any fiduciary or other duties to any other creditor or person or (b) purports to act, represent, or speak on behalf of any other entities in connection with the Chapter 11 Cases. 5. Nothing contained in this Verified Statement is intended to, or should be construed as: (a) a limitation upon, or waiver of any right to assert, file, and/or amend its claims in accordance with applicable law and any orders entered in these Chapter 11 Cases by any member of the Ad Hoc Group; or (b) an admission with respect to any fact or legal theory. 6. The Ad Hoc Group reserves the right to amend or supplement this Verified Statement as necessary for that or any other reason in accordance with the requirements outlined in Bankruptcy Rule 2019. The names, addresses, and disclosable economic interests as of February 20, 2026, of all of the members of the Ad Hoc Group, are: 1. Anchorage Capital Advisors, L.P. 610 Broadway 6th Floor New York, NY 10012 SGUS First Out DIP Loans $10,000,000.00 SGUS Second Out DIP Loans $5,299,444.44 SGUS Third Out DIP Loans $0 Prepetition SGUS Notes $0 Prepetition OpCo Second Out Notes $19,677,500.00 Prepetition OpCo Third Out Notes $0 Prepetition Initial Notes $0 Total Principal Amount Beneficially Owned $34,976,944.44 2. Certain funds and/or accounts, or subsidiaries of such funds and/or accounts, managed, advised, or controlled by BlackRock Advisors, LLC, or a subsidiary or an affiliate thereof 50 Hudson Yards New York, NY 10001 SGUS First Out DIP Loans $38,100,000.00 SGUS Second Out DIP Loans $35,108,398.67 SGUS Third Out DIP Loans $40,887,444.43 Prepetition SGUS Notes $18,418,105.00 Prepetition OpCo Second Out Notes $22,600,000.00 Prepetition OpCo Third Out Notes $2,000,000.00 Prepetition Initial Notes $0 Total Principal Amount Beneficially Owned $157,113,948.10 3. Certain funds and/or accounts, or subsidiaries of such funds and/or accounts, managed, advised, or controlled by Fidelity Management & Research Company LLC or a subsidiary or an affiliate thereof 245 Summer Street, Boston, MA 02210 SGUS First Out DIP Loans $8,560,000.00 SGUS Second Out DIP Loans $5,627,017.96 SGUS Third Out DIP Loans $10,473,611.11 Prepetition SGUS Notes $4,749,588.00 Prepetition OpCo Second Out Notes $20,279,259.00 Prepetition OpCo Third Out Notes $0 Prepetition Initial Notes $0 Total Principal Amount Beneficially Owned $49,689,476.07 4. FFI Fund Ltd. 888 Boylston St. Suite 1500 Boston, MA 02199 SGUS First Out DIP Loans $113,591,280.84 SGUS Second Out DIP Loans $68,597,410.59 SGUS Third Out DIP Loans $88,943,849.45 Prepetition SGUS Notes $61,866,963.00 Prepetition OpCo Second Out Notes $0 Prepetition OpCo Third Out Notes $0 Prepetition Initial Notes $0 Total Principal Amount Beneficially Owned $332,999,503.87 5. FYI Ltd. 888 Boylston St. Suite 1500 Boston, MA 02199 SGUS First Out DIP Loans $24,881,632.17 SGUS Second Out DIP Loans $15,126,918.09 SGUS Third Out DIP Loans $20,107,000.86 Prepetition SGUS Notes $13,881,612.00 Prepetition OpCo Second Out Notes $0 Prepetition OpCo Third Out Notes $0 Prepetition Initial Notes $0 Total Principal Amount Beneficially Owned $73,997,163.11 6. Certain funds and/or accounts, or subsidiaries of such funds and/or accounts, managed, advised, or controlled by GoldenTree Asset Management LP, or a subsidiary or an affiliate thereof 300 Park Avenue 21st Floor New York, NY 10022 SGUS First Out DIP Loans $101,600,000.00 SGUS Second Out DIP Loans $0 SGUS Third Out DIP Loans $0 Prepetition SGUS Notes $0 Prepetition OpCo Second Out Notes $0 Prepetition OpCo Third Out Notes $0 Prepetition Initial Notes $0 Total Principal Amount Beneficially Owned $101,600,000.00 7. Olifant Fund, Ltd. 888 Boylston St. Suite 1500 Boston, MA 02199 SGUS First Out DIP Loans $24,436,285.89 SGUS Second Out DIP Loans $14,774,822.48 SGUS Third Out DIP Loans $19,243,037.92 Prepetition SGUS Notes $13,367,360.00 Prepetition OpCo Second Out Notes $0 Prepetition OpCo Third Out Notes $0 Prepetition Initial Notes $0 Total Principal Amount Beneficially Owned $71,821,506.29 8. Pentwater Capital Management LP 1001 10th Avenue South Suite 216 Naples, FL 34102 SGUS First Out DIP Loans $228,011,385.32 SGUS Second Out DIP Loans $162,635,275.78 SGUS Third Out DIP Loans $260,550,079.71 Prepetition SGUS Notes $156,940,869.00 Prepetition OpCo Second Out Notes $41,956,000.00 Prepetition OpCo Third Out Notes $0 Prepetition Initial Notes $5,000,000.00 Total Principal Amount Beneficially Owned $855,093,609.81 9. Certain funds advised or controlled by Readystate Asset Management, LP. 360 North Green Street, Suite 1400 Chicago, IL 60607 SGUS First Out DIP Loans $48,819,415.78 SGUS Second Out DIP Loans $57,130,156.42 SGUS Third Out DIP Loans $39,183,758.68 Prepetition SGUS Notes $37,771,404.00 Prepetition OpCo Second Out Notes $0 Prepetition OpCo Third Out Notes $0 Prepetition Initial Notes $0 Total Principal Amount Beneficially Owned $182,904,734.89 10. XYQ US, LLC 251 Little Falls Drive Wilmington, DE 19808 SGUS First Out DIP Loans $0 SGUS Second Out DIP Loans $0 SGUS Third Out DIP Loans $207,796,444.44 Prepetition SGUS Notes $0 Prepetition OpCo Second Out Notes $0 Prepetition OpCo Third Out Notes $0 Prepetition Initial Notes $0 Total Principal Amount Beneficially Owned $207,796,444.44 Co-Counsel to the Ad Hoc Group of Secured Noteholders and DIP Lenders: Andrew N. Rosenberg, Esq. Robert A. Britton, Esq. Christopher J. Hopkins, Esq. Douglas R. Keeton, Esq. Jessica I. Choi, Esq. Martin J. Salvucci, Esq. PAUL, WEISS, RIFKIND, WHARTON & GARRISON LLP 1285 Avenue of the Americas New York, NY 10019 Tel: (212) 373-3000 Fax: (212) 757-3990 E-mail: arosenberg@paulweiss.com rbritton@paulweiss.com chopkins@paulweiss.com jchoi@paulweiss.com msalvucci@paulweiss.com - and - John F. Higgins, Esq. M. Shane Johnson, Esq. Megan N. Young-John, Esq. James A. Keefe, Esq. PORTER HEDGES LLP 1000 Main Street, 36th Floor Houston, TX 77002 Tel: (713) 226-6000 Fax: (713) 228-1331 E-mail: jhiggins@porterhedges.com sjohnson@porterhedges.com myoung-john@porterhedges.com jkeefe@porterhedges.com About Saks Global Enterprises LLC Saks Global is the largest multi-brand luxury retailer in the world, comprising Saks Fifth Avenue, Neiman Marcus, Bergdorf Goodman, Saks OFF 5TH, Last Call and Horchow. Its retail portfolio includes 70 full-line luxury locations, additional off-price locations and five distinct e-commerce experiences. With talented colleagues focused on delivering on our strategic vision, The Art of You, Saks Global is redefining luxury shopping by offering each customer a personalized experience that is unmistakably their own. By leveraging the most comprehensive luxury customer data platform in North America, cutting-edge technology, and strong partnerships with the world's most esteemed brands, Saks Global is shaping the future of luxury retail. Saks Global Properties & Investments includes Saks Fifth Avenue and Neiman Marcus flagship properties and represents nearly 13 million square feet of prime U.S. real estate holdings and investments in luxury markets. On Jan. 13, 2026, and Jan. 14, 2026, Saks Global Enterprises, LLC and 112 affiliated debtors filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code (Bankr. S.D. Texas Lead Case No. 26-90103). The jointly administered cases are pending before the Honorable Alfredo R. Perez. Willkie Farr & Gallagher LLP and Haynes and Boone, LLP are serving as legal counsel, PJT Partners LP is serving as an investment banker, Berkeley Research Group is serving as the financial advisor, and C Street Advisory Group is serving as a strategic communications advisor to the Company. Stretto is the claim agent. Paul, Weiss, Rifkind, Wharton & Garrison LLP is serving as legal counsel, Lazard Freres & Co, LLC is serving as investment banker, FTI Consulting, Inc. is serving as financial advisor, and Kekst and Company, Inc., is serving as a strategic communications advisor to an ad hoc group of debt holders. Hilco Global Professional Services, LLC, is the real property advisor to the Ad Hoc Group. Bank of America, N.A., is the administrative agent and collateral agent under the $1.5 billion asset-based revolving credit facility. U.S. Bank Trust Company, National Association, is the administrative agent and collateral agent under the $2.56 billion SGUS DIP Facility, a term loan facility with new money and roll-up components. U.S. Bank is also the agent under the $1.75 billion OpCo DIP Facility, a term loan facility to be used for refinancing existing debt. Barclays Bank, PLC serves as the fronting lender of the SGUS First Out DIP Loans. It is advised by Dentons US LLP. Otterbourg P.C., Morgan, Lewis & Bockius LLP, and Norton Rose Fulbright US LLP serves as counsel to the ABL DIP Agent; M3 Advisory Partners, LP, is the financial advisor to the ABL DIP Agent; and Great American serves as its inventory valuation consultant. Seward & Kissel LLP serves as counsel to the SGUS DIP Agent. On January 27, 2026, the U.S. Trustee for Region 7 appointed an official committee to represent unsecured creditors in the Debtors' Chapter 11 cases. SAKS GLOBAL: Saks & Company to Close Pa. Distribution Facility -------------------------------------------------------------- Daniel Urie of Penn.Live reports that Saks & Company will permanently close its Luzerne County distribution facility while operating under Chapter 11 protection, resulting in 155 layoffs. In a WARN notice submitted to Pennsylvania labor authorities, the company said the center at 250 Highland Park Blvd. in Wilkes-Barre Township will close, with workforce reductions scheduled between April 11 and April 30, 2026. The same location saw 90 layoffs in 2023 tied to Saks.com operations, though it continued to function as a fulfillment hub for Saks Fifth Avenue and Saks Off 5th. The latest action marks a full shutdown of the site, the report states. About Saks Global Enterprises LLC Saks Global is the largest multi-brand luxury retailer in the world, comprising Saks Fifth Avenue, Neiman Marcus, Bergdorf Goodman, Saks OFF 5TH, Last Call and Horchow. Its retail portfolio includes 70 full-line luxury locations, additional off-price locations and five distinct e-commerce experiences. With talented colleagues focused on delivering on our strategic vision, The Art of You, Saks Global is redefining luxury shopping by offering each customer a personalized experience that is unmistakably their own. By leveraging the most comprehensive luxury customer data platform in North America, cutting-edge technology, and strong partnerships with the world's most esteemed brands, Saks Global is shaping the future of luxury retail. Saks Global Properties & Investments includes Saks Fifth Avenue and Neiman Marcus flagship properties and represents nearly 13 million square feet of prime U.S. real estate holdings and investments in luxury markets. On Jan. 13, 2026, and Jan. 14, 2026, Saks Global Enterprises LLC and 112 affiliated debtors filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code (Bankr. S.D. Tex. Lead Case No. 26-90103). The jointly administered cases are pending before the Honorable Alfredo R. Perez. Willkie Farr & Gallagher LLP and Haynes and Boone, LLP are serving as legal counsel, PJT Partners LP is serving as investment banker, Berkeley Research Group is serving as financial advisor, and C Street Advisory Group is serving as strategic communications advisor to the Company. Stretto is the claim agent. Paul, Weiss, Rifkind, Wharton & Garrison LLP is serving as legal counsel, Lazard Freres & Co, LLC is serving as investment banker, FTI Consulting, Inc. is serving as financial advisor, and Kekst CNC is serving as a strategic communications advisor to the Ad Hoc Group. SDLOMO PARTNERS: Gets Final OK to Use Cash Collateral ----------------------------------------------------- The U.S. Bankruptcy Court for the Eastern District of Pennsylvania entered a final order authorizing SDLOMO Partners, LLC to use cash collateral. The court approved the Debtor's use of cash collateral subject to the limits established in the projected operating budget. As adequate protection, secured creditors Shellpoint Servicing, LLC, Faye Servicing, and Infinity Capital Income Fund, LLC are entitled to receive post-petition monthly mortgage payments in accordance with the original loan documents. The Debtor must also maintain insurance on business assets and property subject to liens, provide proof of coverage, and timely file all required monthly operating reports with the court. Payroll expenses must include all applicable taxes and employee benefits. The order further provides that officer compensation payments remain subject to potential claw-back rights of creditors and the Office of the U.S. Trustee. No additional hearing is required regarding cash collateral use but authorization will automatically terminate if the Debtor's Chapter 11 case is dismissed or converted to Chapter 7, if the order expires, or if the Debtor fails to comply with its terms. The final order is available at http://bankrupt.com/misc/SDLOMO_FinalCashCollOrder.pdf SDLOMO owns and leases residential properties in Philadelphia, Pennsylvania. On April 29, 2022, the Debtor entered into loan and mortgage agreements with certain lenders for properties now serviced by Shellpoint Mortgage Servicing. Through Shellpoint, the lenders hold security interests in the Debtor's properties at 5142 Wyalusing Street and 1327 W. Toronto Street, Philadelphia, Pennsylvania. On September 27, 2022, the Debtor entered into a loan and mortgage agreement with BPL Mortgage Trust, LLC for its property at 232 N. Opal Street, Philadelphia, Pennsylvania. The mortgage is serviced by Fay Servicing. On May 16, 2022, the Debtor entered into a loan and mortgage agreement with Infinity for its property at 1328 W. Clearfield Street, Philadelphia, Pennsylvania. About SDLOMO Partners SDLOMO Partners sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Pa. Case No. 25-14688) on November 18, 2025. In its petition, the Debtor listed up to $100,000 in assets and between $100,001 and $1 million in liabilities. Honorable Chief Bankruptcy Judge Ashely M. Chan handles the case. The Debtor is represented by Maggie S. Soboleski, Esq. SEMAI PROPERTY: Gets OK to Tap McNamee Hosea as Bankruptcy Counsel ------------------------------------------------------------------ Semai Property, LLC received approval from the U.S. Bankruptcy Court for the District of Maryland to employ McNamee Hosea, PA as counsel. The firm will provide these services: (a) provide the Debtor legal advice with respect to its powers and duties as a debtor in possession and in the operation of its business and management of its property; (b) prepare any necessary legal papers, and appear on the Debtor's behalf in proceedings instituted by or against it; (c) assist the Debtor in the process of selling its property and/or the confirmation of a plan and approval of a disclosure statement; (d) assist the Debtor with other legal matters; (e) perform all of the legal services for the Debtor that may be necessary or desirable herein. The firm's counsel will be paid at these hourly rates: Janet M. Nesse $575 Justin P. Fasano $450 Kevin Feig $375 In addition, the firm will seek reimbursement for expenses incurred. On January 21, 2025, McNamee Hosea received a retainer of $7,500. Justin Fasano, Esq., a principal at McNamee Hosea, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Justin P. Fasano, Esq. McNamee Hosea, PA 6404 Ivy Lane, Suite 820 Greenbelt, MD 20770 Telephone: (301) 441-2420 Email: jfasano@mhlawyers.com About Semai Property LLC Semai Property, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Md. Case No. 26-10701) on Jan. 21, 2026, listing under $1 million in both assets and liabilities. The Debtor tapped Justin P. Fasano, Esq., at McNamee Hosea, PA as counsel. SILENT HERO: Case Summary & 20 Largest Unsecured Creditors ---------------------------------------------------------- Debtor: Silent Hero LLC d/b/a Artmeetschaos 135 79th Street North Bergen, NJ 07047 Business Description: Silent Hero LLC owns and operates Artmeetschaos, an online apparel brand offering streetwear, hoodies, T-shirts, hats, and other clothing items primarily through e-commerce, supported by industrial embroidery and garment customization equipment and marketed under the registered Artmeetschaos trademark. Chapter 11 Petition Date: February 20, 2026 Court: United States Bankruptcy Court District of New Jersey Case No.: 26-11893 Debtor's Counsel: Brian G. Hannon, Esq. NORGAARD OBOYLE HANNON 184 Grand Avenue Englewood, NJ 07631 Tel: (201) 871-1333 Fax: (201) 871-3161 E-mail: bhannon@norgaardfirm.com Total Assets: $71,700 Total Liabilities: $1,001,769 The petition was signed by Jahayra Harrell as managing member. A full-text copy of the petition, which includes a list of the Debtor's 20 largest unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/RJ5XUIA/Silent_Hero_LLC__njbke-26-11893__0001.0.pdf?mcid=tGE4TAMA SIMBA IL HOLDINGS: Creditors to Get Proceeds From Liquidation ------------------------------------------------------------- Simba IL Holdings, LLC filed with the U.S. Bankruptcy Court for the Central District of California a Disclosure Statement in support of Plan of Liquidation dated February 13, 2026. The Debtor is a holding company and its main assets are the Real Property and the Alternative Investments. The Debtor also owns the Lugano Stock. The Real Property is a 5,872 square foot single-family residence in Aspen, Colorado with 4 beds and 4.5 baths. The Debtor became the owner of the Real Property on or about September 9, 2025 by special warranty deed. The Real Property will be liquidated to fund, in part, the Plan. In furtherance of such efforts, the Debtor has employed Steven Shane of Compass Colorado, LLC as the Debtor's real estate broker whom has listed the Real Property for sale, marketed the Real Property online and in publications, and hosted multiple open houses for both brokers and individual purchasers. The current listing price of the Real Property is $22,950,000. The Plan is a liquidating plan. The Plan provides for: (i) the establishment of the Trust as of the Effective Date; (ii) the transfer of the Trust Assets to the Trust, and (iii) the liquidation of Trust Assets to fund Distributions under the Plan. The Plan proposes the following treatment for Allowed Claims: * Allowed Administrative Claims will be paid in full on the later of: (a) the Effective Date, or (b) five business days after such Claim becomes Allowed, unless the Holder of such Administrative Claim agrees to different terms. * Allowed Priority Tax Claims, if any, will be paid on account of such Claim regular installments: (a) of a total value, as of the Effective Date, equal to the Allowed amount of such Claim; (b) over a period ending not later than five years after the Petition Date; and (c) in a manner not less favorable than the most favored nonpriority General Unsecured Claim provided for by the Plan (other than Cash payments made to a class of creditors under section 1122(b) of the Bankruptcy Code). * Allowed Secured Claims shall be paid upon the liquidation of the collateral securing each such Claim. To the extent that the proceeds from the sale of collateral is insufficient to pay an Allowed Secured Claim in full, the Holder of such Claim shall be granted an Allowed General Unsecured Claim for any deficiency. * Allowed Priority Non-Tax Claims, if any, shall be paid in a manner consistent with section 1129(a)(9) of the Bankruptcy Code. * Allowed General Unsecured Claims shall be paid from the proceeds of the liquidation of any Assets after payment of applicable Allowed Secured Claims, Administrative Claims, Priority Tax Claims, Priority Non-Tax Claims, and Trust Expenses. * Equity Interests shall be cancelled upon the Effective Date. Class 3 consists of General Unsecured Claims. Each Holder of an Allowed General Unsecured Claim shall receive its Pro Rata share of Distributions from the Trust. Distributions to Holders of Allowed General Unsecured Claims shall be paid from the proceeds of the liquidation of any Assets after payment of applicable Allowed Secured Claims, Administrative Claims, Priority Tax Claims, Priority Non-Tax Claims, and Trust Expenses. This Class is impaired. Class 4 consists of Holders of Equity Interests. Upon the Effective Date, all Equity Interests in the Debtor shall be deemed cancelled without further act or action under any applicable agreement, law, regulation, order or rule and the obligations of the Debtor relating to, arising under, in respect of, or in connection with such securities, instruments, or agreements shall be deemed discharged, released and/or satisfied as to the Debtor. Following the Effective Date, the Trustee will be authorized to execute and file on behalf of Holders of Equity Interests any documents or forms as may be necessary or appropriate to implement this provisions of the Plan. The Alternative Investments are investment accounts held by the Debtor. Such investment accounts are held with Blackstone, iCapital, Brevet, Brightstar, CWS Capital Partners, Fundamental Advisors, HS Group, RCP Advisors, Redmile Group, Starwood Capital Group, Suvretta Capital Management, Turning Rock Partners, and Charles Schwab & Co, Inc. The Debtor has taken, and will continue to take, steps to liquidate the Alternative Investments for the benefit of Creditors. Specifically, the Debtor has subpoenaed and received documents related to the Alternative Investments, their value, their ability to be liquidated, and the consequences for doing so. Based on the Debtor's current estimation, the Alternative Investments may be worth up to approximately $7.2 million, subject to significant liquidity constraints and potential penalties. Gadol and Testa obtained certain prejudgment writs of attachments against the Alternative Investment. The Trust shall be established to administer certain post Effective Date responsibilities under the Plan including, but not limited to: (i) reviewing, reconciling, allowing, objecting to, and resolving all Claims, (ii) making Distributions to Holders of Allowed Claims, (iii) prosecuting, settling, and resolving Causes of Action, (iv) liquidating Trust Assets, and (v) otherwise administering Trust Assets. On the Effective Date, Richard Marshack shall be appointed as Trustee of the Trust. On the Effective Date, the Debtor and the Trustee shall execute the Trust Agreement and shall take all steps necessary to establish the Trust in accordance with the Plan and the beneficial interests therein. In the event of any conflicts between this Section and the terms of the Trust Agreement, the terms of the Trust Agreement shall control. A full-text copy of the Disclosure Statement dated February 13, 2026 is available at https://urlcurt.com/u?l=JVCQyl from PacerMonitor.com at no charge. General Counsel for Debtor: Leonard M. Shulman, Esq. James C. Bastian, Jr., Esq. Alan J. Friedman, Esq. Max Casal, Esq. SHULMAN BASTIAN FRIEDMAN & BUI LLP 100 Spectrum Center Drive, Suite 600 Irvine, CA 92618 Tel: (949) 340-3400 Fax: (949) 340-3000 Email: LShulman@shulmanbastian.com jbastian@shulmanbastian.com afriedman@shulmanbastian.com mcasal@shulmanbastian.com About Simba IL Holdings, LLC Simba IL Holdings, LLC, operates as a nonbank holding company that manages equity interests in subsidiary businesses. Simba IL Holdings filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. C.D. Calif. Case No. 25-12616) on September 16, 2025, with $10 million to $50 million in assets and $100 million to $500 million in liabilities. Mordechai H. Ferder, manager, signed the petition. Judge Mark D. Houle oversees the case. Leonard M. Shulman, Esq., at Shulman Bastian Friedman Bui & O'Dea, LLP represents the Debtor as legal counsel. SINO GREEN: Q2 Net Loss Narrows to $226,701 on Revenue Gains ------------------------------------------------------------ Sino Green Land Corp. filed with the U.S. Securities and Exchange Commission its Quarterly Report on Form 10-Q reporting a net loss totaling $226,701 for the three months ended December 31, 2025, a decrease of $131,943 of 58%, as compared to the net loss of $358,644 for the three months ended December 31, 2024. The decrease was primarily due to the increase of sales. Net loss totaled $412,951 for the six months ended December 31, 2025, a decrease of $279,024 of 40%, as compared to the net loss of $691,975 for the six months ended December 31, 2024. The decrease was primarily due to the decrease of cost of revenue and increase of sales. Net revenues were $278,161 for the three months ended December 31, 2025, reflecting an increase of $161,225, or 58%, from $116,936 for the three months ended December 31, 2024. The growth in net revenues was primarily driven by increased sales of third-party sourced plastic recycled products. Notably, this expansion was achieved alongside a consolidation of the customer base from 24 to 18 clients, reflecting a substantial rise in average purchase volume per custom. Net revenues were $725,205 for the six months ended December 31, 2025, reflecting an increase of $150,975, or 26%, from $574,230 for the six months ended December 31, 2024. The increase in net revenues was mainly due to an increase in sales of plastic recycle products from the third parties. This growth occurred despite a reduction in the customer base from 31 to 28, indicating a significant increase in per-customer purchase volumes. The Company had an accumulated deficit at December 31, 2025 of $5,113,504, and net current liabilities of $4,894,893, and the stockholder deficit of $2,870,017. These factors raise substantial doubt about the Company's ability to continue as a going concern within one year of February 13, 2026, the date that the financial statements are issued. In addition, our independent registered public accounting firm, in its audit report to the financial statements included in the Company's Transition Report on Form 10-K for the year ended June 30, 2025, expressed substantial doubt about our ability to continue as a going concern. Management Plans Management of the Company has evaluated the sufficiency of additional capital resources. Management's plan is to obtain such resources by seeking debt financing and/or third-party equity sufficient to meet its minimal operating expenses. Besides, management has taken immediate and significant mitigating actions to reduce costs and optimize the Company's cash flow and liquidity. Measures include reducing expenditure through deferring or canceling discretionary spend, freezing non-essential recruitment and securing new round of equity financing to replenish working capital. The Company has also acquired the financial support letter from Empower International Trading Sdn. Bhd., the holding company of the Company, who has expressed the willingness and intention to provide the necessary financial support to the Company. However, there is uncertainty as to whether these plans will be effectively implemented or yield sufficient results. A full text copy of the Company's Form 10-Q is available at https://tinyurl.com/5n6ku429 About Sino Green Land Corp. Sino Green Land Corp. is a US holding company incorporated in Nevada. It conducts business through its Malaysia subsidiary "Tian Li Eco Holdings Sdn. Bhd", which is an environmental protection technology, recycling and renewal of plastic waste bottles and packaging materials being recycled and sale of recovered and recycled products, a company incorporated and based in Malaysia. With the mission too rooted in advocating for waste recycling, aiming for a sustainable environmental future. With its strategic initiatives, the company's objective is to become a prominent environmental recycling entity in Asia over the coming five years. Singapore-based Audit Alliance LLP, the Company's auditor since 2024, issued a "going concern" qualification in its report dated October 14, 2025, attached to the Company's Annual Report on Form 10-K for the fiscal year ended June 30, 2025, citing that the Company incurred a net loss of $1,808,994 and used cash in operating activities of $845,971, result in an accumulated deficit of $4.7 million. The Company's current liabilities exceeded current assets $4.4 million, and the stockholder deficit of $2.4 million. These conditions raise substantial doubt about the Company's ability to continue as a going concern. As of December 31, 2025, the Company had $4,970,474 in total assets, $7,840,491 in total liabilities, and $2,870,017 in total stockholders' deficit. SISSON AND SON: John Whaley Named Subchapter V Trustee ------------------------------------------------------ The Acting U.S. Trustee for Region 21 appointed John Whaley, a practicing accountant in Atlanta, Ga., as Subchapter V trustee for Sisson and Son Logging Corporation. Mr. Whaley will be paid an hourly fee of $440 for his services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Mr. Whaley declared that he is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: John T. Whaley, CPA P.O. Box 76362 Atlanta, GA 30358 Phone: 404-946-5272 Email: trustee@jtwcpa.net About Sisson and Son Logging Corporation Sisson and Son Logging Corporation sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ga. Case No. 26-40256) on February 13, 2026, with $100,001 to $500,000 in assets and $500,001 to $1 million in liabilities. Judge Barbara Ellis-Monro presides over the case. Ian M. Falcone, Esq. at The Falcone Law Firm, P.C. represents the Debtor as legal counsel. SISTAH SHOP: Seeks Chapter 7 Bankruptcy in Georgia -------------------------------------------------- On February 12, 2026, The Sistah Shop, LLC filed for Chapter 7 protection in the U.S. Bankruptcy Court for the Northern District of Georgia. According to court filings, the Debtor reports between $100,001 and $1,000,000 in debt owed to 50–99 creditors. About The Sistah Shop, LLC The Sistah Shop, LLC is a retail business engaged in the sale of consumer goods and specialty merchandise. The Sistah Shop, LLC sought relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. Case No. 26-51956) on February 12, 2026. In its petition, the Debtor reports estimated assets between $0 and $100,000 and estimated liabilities between $100,001 and $1,000,000. Honorable Bankruptcy Judge Jeffery W. Cavender handles the case. The Debtor is represented by Joycelyn R. Curry, Esq., of The Curry Firm, LLC. SKYTOP RANCH: Amy Denton Mayer Named Subchapter V Trustee --------------------------------------------------------- The Acting U.S. Trustee for Region 21 appointed Amy Denton Mayer of Stichter Riedel Blain & Postler, P.A. as Subchapter V trustee for Skytop Ranch, LLC. Ms. Mayer will be paid an hourly fee of $400 for her services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Ms. Mayer declared that she is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Amy Denton Mayer Stichter Riedel Blain & Postler P.A. 110 East Madison Street, Suite 200 Tampa, FL 33602 Phone: (813)229-0144 Email: amayer@subvtrustee.com About Skytop Ranch LLC Skytop Ranch, LLC, formerly known as Skytop LLC, sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Fla. Case No. 26-01144) on February 13, 2026, with $500,001 to $1 million in both assets and liabilities. Judge Roberta A. Colton presides over the case. Matthew J. Kovschak, Esq., at Debra J. Sutton, P.A. represents the Debtor as legal counsel. SOBE THERMAL: Court Appoints J. Collins as New Receiver ------------------------------------------------------- Dan O'Brien of The Business Journal reports that Mahoning County Common Pleas Court has replaced the receiver overseeing SOBE Thermal Energy LLC, appointing Akron attorney John C. Collins after ongoing service disruptions sparked concerns among regulators and customers. Judge Anthony Donofrio approved the change at the request of the Public Utilities Commission of Ohio, removing Reg Martin from the role. Collins is authorized to bill $300 per hour as receiver and to retain Michael Moran as legal counsel at $350 per hour. Martin agreed to resign through a joint filing with the PUCO, the report relays. The leadership shift follows severe winter outages that left downtown buildings without adequate steam heat. Mechanical failures and a ruptured water line sidelined multiple boilers, at one point leaving only a 200-horsepower unit in operation — insufficient for system demand, according to report. SOBE was placed into receivership in September after regulators concluded it could not reliably provide required heating services. Equipment repossessions and limited boiler capacity plagued the system throughout the fall and winter, leading to temporary closures for several downtown entities before heat was restored, The Business Journal relays. About SOBE Thermal Energy Systems LLC SOBE Thermal Energy Systems LLC operates as a public utility regulated by the Public Utilities Commission of Ohio. It provides steam heating and cooling services to buildings downtown Youngstown. The troubled district heating company SOBE Thermal Energy LLC was placed in receivership after falling behind on critical lease payments and experiencing repeated boiler failures that disrupted service to downtown customers. SOLIMAN PROPERTIES: Seeks to Tap Steven D. Pertuz as Legal Counsel ------------------------------------------------------------------ Soliman Properties, LLC seeks approval from the U.S. Bankruptcy Court for the District of New Jersey to employ The Law Offices of Steven D. Pertuz, LLC as counsel. The firm's services include: (a) advise the Debtor of its rights and obligations under the Bankruptcy Code; (b) represent the Debtor before this Court and other courts on matters relating to the bankruptcy case; and (c) assist in the Debtor's financial rehabilitation. The firm's hourly rates are as follows: Steven D. Pertuz, Attorney $395 Paralegal/Legal Assistant $90 The firm received an initial retainer of $10,000. Mr. Pertuz disclosed in a court filing that his firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Steven D. Pertuz, Esq. The Law Offices Of Steven D. Pertuz, LLC 111 Northfield Avenue, Suite 304 West Orange, NJ 07052 Telephone: (973) 669-8600 Facsimile: (973) 669-8700 Email: spertuz@pertuzlaw.com About Soliman Properties LLC Soliman Properties LLC is a real estate company engaged in property ownership, leasing, and management activities. Soliman Properties LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D.N.J. Case No. 26-10511) on January 16, 2026. In its petition, the Debtor reports estimated assets of $1 million to $10 million and estimated liabilities of $1 million to $10 million. Judge Vincent F. Papalia oversees the case. The Law Offices of Steven D. Pertuz, LLC serves as the Debtor's counsel. SOUTHERN TREE: Seeks to Extend Plan Exclusivity to August 4 ----------------------------------------------------------- Southern Tree Professionals LLC asked the U.S. Bankruptcy Court for the Northern District of Georgia to extend its exclusivity periods to file a plan of reorganization and obtain acceptance thereof to August 4 and October 3, 2026, respectively. The Debtor explains that the facts and circumstances of this Chapter 11 case warrant the requested extension of the Exclusivity Periods. Debtor has thirty-eight equipment creditors that hold security interests in over one hundred twenty pieces of equipment and vehicles. Debtor's general unsecured creditor number sixty-one. The Debtor claims that it requires the additional time to have its assets valued so it can make determinations regarding those assets. To prepare a budget that will support a plan, Debtor must consider its income in the upcoming warm weather months. The income generated during the warm weather months will be the best predicator of Debtor’s future income to fund a plan of reorganization. The Debtor states that presenting a plan at this stage will not provide an accurate picture of its ability to fund payment to unsecured creditors and its secured creditors under a plan. Debtor believes filing a plan that will require amending will result in unnecessary concerns for its creditors. On the other hand, filing a plan that will not require substantive amendments will foster Debtor's reorganization effort. The Debtor asserts that its request for an extension will not unfairly prejudice or pressure Debtor's creditors or grant Debtor any unfair bargaining leverage. Debtor needs creditor support to confirm any plan, so Debtor is in no position to impose or pressure its creditors to accept unwelcome plan terms. The Debtor further asserts that termination of the current Exclusivity Periods may engender duplicative expense and litigation associated with multiple competing plans. Any litigation with respect to competing plans and resulting administrative expenses will only decrease recoveries to Debtor's creditors and significantly delay, if not undermine entirely, the possibility of prompt confirmation of a plan of reorganization. The Debtor cites that given the consequences for its estate if the relief requested herein is not granted and the progress made to date, the requested extension of the Exclusivity Periods will not prejudice the legitimate interests of any party in interest in this case. Rather, the extension will further Debtor's efforts to preserve value and avoid unnecessary and wasteful litigation. Southern Tree Professionals, LLC is represented by: Ceci Christy, Esq. Rountree, Leitman, Klein & Geer, LLC 2987 Clairmont Road, Suite 350 Atlanta, GA 30329 Telephone: (404) 584-1238 Email: cchristy@rlkglaw.com About Southern Tree Professionals Southern Tree Professionals LLC provides tree removal, pruning, emergency response, land clearing, hauling, arborist services, and green-waste management for residential, commercial, and municipal clients across the Atlanta metropolitan area. The Company operates throughout communities such as Marietta, Roswell, Sandy Springs, Alpharetta, Smyrna, Buckhead, Brookhaven and Decatur, and works on large-scale projects involving clearing, grubbing, and debris haul-off and site preparation for commercial contractors and government entities, including GDOT. It offers additional services such as lightning-protection systems, mulch supply and excavating and demolition work as part of its broader operations in the tree services and the land-management sector. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ga. Case No. 25-21754) on December 5, 2025. In the petition signed by Benjamin Townsend Ellis, owner, the Debtor disclosed up to $50,000 in assets and up to $50 million in liabilities. William Rountree, Esq. at Rountree, Leitman, Klein & Geer, LLC, represents the Debtor as legal counsel. SPEYSIDE HOLDINGS: Seeks Chapter 11 Bankruptcy with $32.2MM Debt ---------------------------------------------------------------- Emlyn Cameron of Law360 reports that a sand and stone aggregates distributor, Speyside Holdings LLC, based in New York entered Chapter 11 on Friday, disclosing liabilities exceeding $32 million and assets of approximately $1.3 million. The company cited financial strain tied to operational costs and debt obligations, saying the court-supervised process will provide breathing room to reorganize. It plans to remain in possession of its assets and continue serving customers during the case. According to the filing, the restructuring effort is designed to facilitate negotiations with creditors and potentially explore strategic alternatives, including asset sales or a plan of reorganization. About Speyside Holdings LLC Speyside Holdings LLC, doing business as Speyside Sand & Stone, is a sand and stone aggregates distributor based in New York. Speyside Holdings sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D.N.Y. Case No. 26-70730) on February 22, 2026. In its petition, the Debtor reports $1.3 million in assets and $32.2 million in liabilities. Honorable Bankruptcy Judge Sheryl P. Giugliano handles the case. The Debtor is represented by Heath S. Berger, Esq. of BFSNG Law Group, LLP. STANLEY UTILITY: Plan Exclusivity Period Extended to May 27 ----------------------------------------------------------- Judge Karen K. Specie of the U.S. Bankruptcy Court for the Northern District of Florida extended Stanley Utility Contractor, Inc.'s exclusive periods to file a plan of reorganization and obtain acceptance thereof to May 27 and July 27, 2026, respectively. As shared by Troubled Company Reporter, the Debtor respectfully submits that cause exists for the extension requested in the instant Motion. More specifically: * This case involves few, if any complex legal issues; * The Debtor is generally paying its post-petition debts as they come due; * The Debtor is in compliance with all of the operating guidelines of the United States Trustee; * The Debtor seeks this additional extension of exclusivity in good faith, and not for the purpose of pressuring or otherwise attempting to prejudice the rights of any creditors; * The Debtor needs more time to negotiate with creditors to be able to prepare a correct and confirmable Chapter 11 Plan. Stanley Utility Contractor, Inc. is represented by: Robert C. Bruner, Esq. Samantha A. Kelley, Esq. Bruner Wright, PA 2868 Remington Green Circle, Suite B Tallahassee, FL 32308 Telephone: (850) 385-0342 Facsimile: (850) 270-2441 E-mail: twright@brunerwright.com skelley@brunerwright.com About Stanley Utility Contractor Stanley Utility Contractor, Inc., is a Florida-based construction company specializing in right-of-way and telecommunications infrastructure projects, including fiber deployments, small cell installations, and utility services. It operates primarily in Florida and provides project management, inspection, and maintenance support for its infrastructure work. Its principal office is in Leesburg, with Michael Stanley listed as president and registered agent. Stanley Utility Contractor sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Fla. Case No. 25-40481) on Sept. 29, 2025. In its petition, the Debtor reports estimated assets and liabilities between $1 million and $10 million. Bankruptcy Judge Karen K. Specie handles the case. The Debtor is represented by Byron W. Wright III, Esq., at Bruner Wright, P.A. STOLI GROUP: Bankruptcy Watchdog Appoints Chapter 11 Trustees ------------------------------------------------------------- Lisa Lambert, the U.S. Trustee for Region 6, appointed William Patterson as Chapter 11 trustee for Stoli Group (USA), LLC and Claudia Springer for Kentucky Owl, LLC. The appointment followed a February 5 court order granting the motion filed by Fifth Third Bank, National Association, a senior secured lender, to appoint an independent trustee to take over the companies' bankruptcy cases. In its motion, Fifth Third Bank raised the following arguments: * The filing of the companies' motion to convert case from Chapter 11 to 7 represents gross mismanagement under the circumstances. Once their ownership concluded on a final basis that it would not move ahead with a reorganization, the companies should have immediately pivoted to an orderly wind-down of precisely the sort that Chapter 11 trustees should now oversee. Instead, the companies proposed the value-destroying option of a forced liquidation in Chapter 7, knowing that this would cause significant harm to these estates and, therefore, the creditors. * "Cause" has also existed for months due to the companies' repeated misuse of cash collateral to benefit non-debtor affiliates Louisiana Spirits, LLC and S.P.I. Spirits (Cyprus) Limited (i.e., the plan sponsor) to the detriment of the companies, issues which were raised in several prior pleadings. * The companies continue to fail to market and sell Kentucky Owl's inventory, needlessly extending the already long time period that will likely be needed to complete such process. This is especially true given the fact that the companies retained Resolute Commercial Services, LLC as Kentucky Owl's "Collateral Manager" in connection with the settlement of lender's first motion to appoint a Chapter 11 trustee. Instead of leveraging Resolute's involvement to advance the barrel marketing and sales, the companies sidelined Resolute and ignored a sale process. About Stoli Group (USA) LLC Stoli Group (USA), LLC is a producer, manager, and distributor of a global portfolio of spirits and wines. Stoli Group (USA) and Kentucky Owl, LLC filed Chapter 11 petitions (Bankr. N.D. Texas Lead Case No. 24-80146) on November 27, 2024. At the time of the filing, Stoli Group (USA) reported $100 million to $500 million in assets and $10 million to $50 million in liabilities while Kentucky Owl reported $50 million to $100 million in assets and $50,000,001 to $100 million in liabilities. Judge Scott W. Everett handles the cases. Holland N. O'Neil, Esq., at Foley & Lardner, LLP is the Debtor's legal counsel. SUMMIT HARD: Unsecureds Will Get 0.896% of Claims in Plan --------------------------------------------------------- Summit Hard Cider and Perry Company, LLC d/b/a Scrumpy's submitted an Amended Plan of Reorganization under Subchapter V dated February 11, 2026. The essence of the Plan, in cooperation with the creditors, is to generate more funds through operations than could ever be realized through closing of the business and selling its assets. Since filing, Locust, a nearby cidery, has went out of business, which led to a substantial increase in revenue for Debtor's cider business in January 2026. Class 4 consists of General Unsecured Creditors. The remainder of Debtor's pre-petition debts are deemed unsecured, as there is no available collateral to which they attach. The bar date for filing Proofs of Claims has passed. To the extent a creditor timely filed a Proof of Claim to which Debtor does not successfully object, the amount of the Claim as filed in the Proof of Claim will be used for purposes of plan administration. Including scheduled claims, timely filed unscheduled claims, the unsecured portion of the SBA claim, unsecured Claims are calculated to be $2,545,015.80. Such claims shall share all remaining funds pro rata after payment of Class 1,2, and 3 claims on the timeline outlined in Schedule B, attached hereto. The estimated dividend to be shared pro-rata among all unsecured creditors who were scheduled or filed timely Claims is estimated to be $22,803.20, or 0.896% of such claims. Approximately 40% of these distributions will go to insiders Jennifer and Rodney Seiwald. These claims were documented as loans over the course of more than a decade, during which Mrs. Seiwald's membership interest in Debtor did not increase, therefore it would be inappropriate to characterize it as a capital contribution. Mr. Seiwald is not a member of Debtor, so it would also be inappropriate to characterize his loans as a capital contribution. The Debtor believes that the Plan, as proposed, is feasible. The funding for the Plan will come from the Debtor's operations, and projections are based upon current projections applied to historic levels of business. As detailed in the Projections, the Debtor will have sufficient cash on hand and profits during the term of the Plan to satisfy its Plan obligations. The Debtor's Projections show the Debtor's projected total gross revenue for the five-year term of the Plan to be $5,981,206.39. The Projections show total Cost of Goods Sold for the term of the plan to be $1,256,593.76. The Projections show total expenses during that period of $4,459,931.95. Based upon the Projections, the Debtor's projected net income during the term of the Plan is $264,680.68 which is being dedicated to repayment of creditors under the Plan. A full-text copy of the Amended Plan dated February 11, 2026 is available at https://urlcurt.com/u?l=g63NWa from PacerMonitor.com at no charge. Counsel to the Debtor: Payton L. Buhler, Esq. BELL GOULD LINDER & SCOTT, P.C. 318 East Oak Street Fort Collins, CO 80524 Telephone: (970) 493-8999 Facsimile: (970) 224-9188 E-mail: pbuhler@bell-law.com About Summit Hard Cider and Perry Company Summit Hard Cider and Perry Company LLC, operating in Fort Collins, Colorado, produces and sells craft hard ciders and perries, and operates a taproom and pub under the Scrumpy's brand, offering beverages and food to consumers. The Company also collects local fruit through a mobile juicing trailer to create both alcoholic and non-alcoholic drinks. Summit Hard Cider and Perry Company sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Colo. Case No. 25-15079) on August 13, 2025. In its petition, the Debtor reports total assets of $164,233 and total liabilities of $2,663,400. Bankruptcy Judge Joseph G. Rosania Jr. handles the case. The Debtor is represented by Payton L. Buhler, Esq., at Bell, Gould, Linder & Scott, P.C. T.G.S. LOGISTICS: Commences Chapter 7 Bankruptcy in California -------------------------------------------------------------- On February 13, 2026, T.G.S. Logistics, Inc. filed for Chapter 7 protection in the U.S. Bankruptcy Court for the Eastern District of California. According to court filings, the Debtor reports between $1 million and $10 million in debt owed to 100–199 creditors. About T.G.S. Logistics, Inc. T.G.S. Logistics, Inc. is a transportation and logistics company engaged in the coordination and delivery of freight services. The company likely provides supply chain solutions, including trucking, freight brokerage, and distribution support. T.G.S. Logistics, Inc. sought relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. Case No. 26-10602) on February 13, 2026. In its petition, the Debtor reports estimated assets between $0 and $100,000 and estimated liabilities between $1 million and $10 million. Honorable Bankruptcy Judge Jennifer E. Niemann handles the case. The Debtor is represented by Peter L. Fear, Esq., of Fear Waddell, P.C. T.G.S. MANAGEMENT: Commences Chapter 7 Bankruptcy in California --------------------------------------------------------------- On February 13, 2026, T.G.S. Management Services, Inc. filed for Chapter 7 protection in the U.S. Bankruptcy Court for the Eastern District of California. According to court filings, the Debtor reports between $100,001 and $1,000,000 in debt owed to between 1 and 49 creditors. About T.G.S. Management Services, Inc. T.G.S. Management Services, Inc. is a California-based management services company providing administrative, operational, and business support solutions. The company offers management oversight and consulting services to affiliated entities and clients. T.G.S. Management Services, Inc. sought relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. Case No. 26-10603) on February 13, 2026. In its petition, the Debtor reports estimated assets of $0–$100,000 and estimated liabilities of $100,001–$1,000,000. Honorable Bankruptcy Judge Renr Lastreto II handles the case. The Debtor is represented by Peter L. Fear, Esq. of Fear Waddell, P.C. TERRA PROPERTY: Offers New 9.75% Notes Due 2029 ----------------------------------------------- Terra Property Trust, Inc. announced on Feb. 20, 2026, that it has commenced offers to exchange any and all of its outstanding: (i) 6.00% Notes due 2026 and (ii) 7.00% Notes due 2026 issued by Terra Income Fund 6, LLC, for newly issued 9.75% Senior Secured Notes due 2029 of the Company, upon the terms and subject to the conditions set forth in the Company's pre-effective registration statement on Form S-4 filed with the U.S. Securities and Exchange Commission on February 13, 2026. In connection with the Exchange Offers, the Company is also soliciting consents from holders of the TPTA Notes to approve proposed amendments to the indenture governing the TPTA Notes. The Proposed Amendments would, among other things, eliminate substantially all restrictive covenants, certain events of default provisions and certain reporting obligations under the TPTA Notes indenture. If adopted, the Proposed Amendments will apply to all TPTA Notes that remain outstanding following the Exchange Offers, and such notes will be governed by the amended indenture, which will have less restrictive terms and afford reduced protections to holders. Further details regarding the Proposed Amendments are described in the Registration Statement. No consents are being solicited with respect to the indenture governing the TIF6 Notes. The Exchange Offers and the Consent Solicitation are subject to the conditions set forth in the Registration Statement, including, with respect to the Consent Solicitation, the receipt of consents from holders of at least a majority in aggregate principal amount of the outstanding TPTA Notes. Tenders of Existing Notes may be validly withdrawn at any time prior to the Expiration Date, and the Company may terminate or withdraw the Exchange Offers and the Consent Solicitation at any time in accordance with the terms described in the Registration Statement. The Exchange Notes will be issued under and governed by the terms of a new indenture. The Exchange Notes will be senior secured obligations of the Company and will be secured by perfected liens granted by the Company in certain collateral, as described in the Registration Statement. The Exchange Notes will bear interest at a rate of 9.75% per annum and will mature on March 31, 2029. Interest on the Exchange Notes will be payable monthly in arrears on the last day of each month, beginning on April 30, 2026, as further described in the Registration Statement. The Exchange Offers and the Consent Solicitation commenced on February 13, 2026 and expire immediately following 5:00 p.m., New York City time, on March 16, 2026, unless extended or terminated. The dealer manager for the Exchange Offers and the Consent Solicitation is: Ladenburg Thalmann & Co. Inc. 640 5th Ave, 4th Floor New York, NY 10019 Phone: (212) 409-2679 Email: callman@ladenburg.com The exchange agent and information agent for the Exchange Offers and the Consent Solicitation is: D.F. King & Co., Inc. 28 Liberty Street, 53rd Floor New York, NY 10005 Banks and Brokers call: (646) 989-1605 (collect) All others call toll-free: (888) 644-6071 E-mail: tpt@dfking.com About Terra Property Trust, Inc. Terra Property Trust, Inc. is an externally managed real estate investment trust that originates, invests in, and manages loans and assets secured by commercial real estate across the United States and makes strategic real estate equity and non-real estate-related investments that align with its investment objectives and criteria. The Company's objective is to continue to provide attractive risk-adjusted returns to its stockholders, primarily by earning high current income that allows for regular distributions and, in certain instances, benefiting from potential capital appreciation. The Company has elected to be taxed as a real estate investment trust for U.S. federal income tax purposes commencing with its taxable year ended December 31, 2016. The Company is externally advised by Terra REIT Advisors, LLC, an affiliate of Mavik Capital Management, LP. TEXAS INTERNATIONAL: Gets Court Nod to Use Cash Collateral ---------------------------------------------------------- Texas International Enterprises, Inc. received third interim approval from the U.S. Bankruptcy Court for the Southern District of Texas, Laredo Division, to use cash collateral. Under the third interim order, the Debtor is authorized to use cash and equipment collateral solely to pay post-petition expenses in accordance with its budget. The Debtor acknowledges substantial secured obligations, including approximately $27.9 million owed to Commercial Credit Group, Inc. under 29 equipment loans and more than $7.7 million owed to RTS Financial Service, Inc. under factoring arrangements and equipment notes. The collateral includes a large fleet of commercial trucks and tractors, inventory, and all accounts receivable. In exchange, CCG and RTS received post-petition replacement liens on the same categories of collateral securing their pre-bankruptcy claims, maintaining the same validity, priority, and extent as existed on the petition date. CCG was also granted potential superpriority administrative expense claims to protect against any decline in collateral value. Events of default under the interim order include any violation or failure by the Debtor to satisfy the terms of the order; appointment of a trustee or examiner without Commercial Credit Group's consent; dismissal or conversion of the Debtor's Chapter 11 case; inadequacy or termination of insurance under the loan agreements. Failure to cure the default results in immediate termination of cash collateral use and relief from the automatic stay, allowing lenders to repossess equipment. A copy of the court's order and the Debtor's budget is available at https://shorturl.at/cu5OO from PacerMonitor.com. Commercial Credit Group holds a claimed security interest in substantially all of the Debtor's assets, including accounts receivable, stemming from pre-petition factoring arrangements through RTF Factoring Company. Because the Debtor's primary operating revenue is derived from accounts receivable, any post-petition collections subject to Commercial Credit Group's lien qualify as cash collateral under the Bankruptcy Code. Commercial Credit Group, as secured creditor, is represented by: Patrick L. Hughes, Esq. Adam J. Schmit, Esq. Haynes and Boone, LLP 1221 McKinney Street, Suite 4000 Houston, TX 77010 Telephone: (713) 547-2000 Facsimile: (713) 547-2600 patrick.hughes@haynesboone.com adam.schmit@haynesboone.com RTS Financial Service, as secured creditor, is represented by: James W. Brewer, Esq. Kemp Smith, LLP P.O. Box 2800 El Paso, TX 79999-2800 Telephone: 915.533.4424 Fax: 915.546.5360 Jim.brewer@kempsmith.com About Texas International Enterprises Inc. Texas International Enterprises Inc. operates as a multifaceted company with interests in various commercial and service-based industries. The organization is built on principles of reliability, operational efficiency, and market adaptability. By focusing on sustainable growth and client satisfaction, Texas International Enterprises Inc. continues to strengthen its presence in its respective markets. Texas International Enterprises Inc. commenced its Chapter 11 case (Bankr. Case No. 25-50133) on December 6, 2025. In its petition, the Debtor listed estimated assets of $10 million to $50 million and estimated liabilities within the same range. Honorable Bankruptcy Judge Jeffrey P. Norman presides over the matter. The Debtor is represented by Carl M. Barto, Esq. of the Law Office of Carl M. Barto. TI MANAGEMENT: Seeks Chapter 7 Bankruptcy in California ------------------------------------------------------- On February 12, 2026, TI Management Group, Inc., commenced a voluntary Chapter 7 case in the Northern District of California Bankruptcy Court. Court documents indicate the Debtor lists debts ranging from $100,001 to $1,000,000 owed to between 1 and 49 creditors. About TI Management Group, Inc. TI Management Group, Inc. is a management company that provides professional oversight and operational support services. The firm’s activities likely include coordinating business functions, advising on strategic initiatives, and assisting with administrative management. Companies operating under similar structures typically serve as centralized management providers for affiliated businesses or third-party clients. TI Management Group, Inc. filed for relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. Case No. 26-50220) on February 12, 2026. The petition reflects estimated assets of $100,001 to $1,000,000 and liabilities within the same range. The case is assigned to the Honorable Stephen L. Johnson. The Debtor is represented by Lars T. Fuller, Esq., of The Fuller Law Firm. TRISEO PLC: In Talks with Creditors on Possible Bankruptcy Filing ----------------------------------------------------------------- Reshmi Basu of Bloomberg Law reports that Trinseo Plc is in active negotiations with lenders over a potential debt restructuring that may culminate in a bankruptcy filing within weeks, according to people with knowledge of the situation. The company has been holding private discussions with creditor groups to trim outstanding obligations and reduce interest costs, the people said, speaking on condition of anonymity. Trinseo is aiming to secure backing from major stakeholders to execute a broader recapitalization, according to report. The negotiations are ongoing and remain subject to change, the people said, noting that no definitive terms have been finalized, the report relays. The talks reflect mounting financial strain tied to high financing costs and challenging market conditions, which have prompted the company to explore options to strengthen its capital structure, the report states. About Trinseo PLC Headquartered in Wayne, Pa., Trinseo (NYSE: TSE) -- www.trinseo.com -- a specialty material solutions provider, partners with companies to bring ideas to life in an imaginative, smart, and sustainably focused manner by combining its premier expertise, forward-looking innovations, and best-in-class materials to unlock value for companies and consumers. From design to manufacturing, Trinseo taps into decades of experience in diverse material solutions to address customers' unique challenges in a wide range of industries, including building and construction, consumer goods, medical, and mobility. As of September 30, 2025, the Company had $22.5 million in total assets, $15.7 million in total liabilities, and $6.8 million in total stockholders' equity. * * * In December 2025, S&P Global Ratings lowered its issuer credit rating on specialty materials solutions provider Trinseo PLC to 'CCC' from 'CCC+', its issue-level rating on its senior secured super-priority revolving credit facility (RCF) and senior secured term loan to 'B-' from 'B', its issue-level rating on its senior secured term loan B to 'CCC' from 'CCC+', and its issue-level rating on its senior secured second-lien notes to 'CC' from 'CCC-'. S&P's recovery ratings on the company's debt are unchanged. UNLIMITED DELIVERIES: Taps Geno and Steiskal as Bankruptcy Counsel ------------------------------------------------------------------ Unlimited Deliveries, LLC seeks approval from the U.S. Bankruptcy Court for the Southern District of Mississippi to hire Law Offices of Geno and Steiskal, PLLC as counsel. The firm will render these services: (a) advise and consult with the Debtor regarding questions arising from certain contract negotiations which will occur during the operation of business; (b) evaluate and attack claims of various creditors who may assert security interests in the assets and who may seek to disturb the continued operation of the business; (c) appear in, prosecute, or defend suits and proceedings, and take all necessary and proper steps and other matters and things involved in or connected with the affairs of the estate of the Debtor; (d) represent the Debtor in court hearings and assist in the preparation of contracts, reports, accounts, petitions, applications, orders and other papers and documents as may be necessary in this proceeding; (e) advise and consult with the Debtor in connection with any reorganization plan which may be proposed in this proceeding and any matters concerning it which arise out of or follow the acceptance or consummation of such reorganization or its rejection; and (f) perform such other legal services on behalf of the Debtor as they become necessary in this proceeding. The firm will be paid at these hourly rates: Craig Geno, Attorney $500 Christopher Steiskal, Attorney $400 Paralegals $250 In addition, the firm will seek reimbursement for expenses incurred. The firm received a retainer of $36,800 from the Debtor, inclusive of $1,738 filing fee. Mr. Geno disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Craig M. Geno, Esq. Christopher Steiskal, Esq. Law Offices of Craig M. Geno, PLLC 601 Renaissance Way, Suite A Ridgerland, MS 39157 Telephone: (601) 427-0048 Facsimile: (601) 427-0050 Email: cmgeno@cmgenolaw.com csteikal@cmgenolaw.com About Unlimited Deliveries, LLC Unlimited Deliveries, LLC, doing business as MK-Trucking, is a Pass Christian, Mississippi-based freight trucking company providing specialized interstate transportation services across the United States. Unlimited Deliveries, LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Miss., Case No. 26-50139) on January 28, 2026. In its petition, the Debtor reported between $10 million and $50 million in assets and liabilities. Honorable Bankruptcy Katharine M. Samson handles the case. Craig M. Geno, Esq., at Law Offices of Geno and Steiskal, PLLC, represents the Debtor as legal counsel. VAIL RESORTS:S&P Affirms 'BB' Issuer Credit Rating, Outlook Stable ------------------------------------------------------------------ S&P Global Ratings affirmed all its ratings on Vail Resorts Inc., including its 'BB' issuer credit rating. S&P said, "In addition, we affirmed our 'BB-' issue-level rating on Vail's unsecured notes, and the recovery rating remains '5'. It recently amended and restated its credit agreement (not rated) with a new $1.275 billion term loan (also not rated), which refinanced its previous term loan and delay draw term loan. The refinancing transaction resulted in $115 million of additional secured debt in Vail's capital structure, but not enough to change the issue-level or recovery ratings. "The stable outlook reflects our expectation that, despite poor snowfall at the beginning of the current ski season, Vail's leverage will remain under our 4.25x downgrade threshold through fiscal-year 2027, absent leveraging shareholder returns or merger and acquisition (M&A) activity." "Following weaker-than-expected early season skier visitation due to historically low snowfall in the western U.S., we have revised our base-case forecast and now expect Vail Resorts Inc.'s S&P Global Ratings-adjusted leverage to increase to 3.5x-4.0x in fiscal 2026 compared with 3.4x in fiscal 2025. Nonetheless, we continue to expect Vail to maintain sufficient cushion compared with our 4.25x downgrade threshold even if there is additional operating variability later in the season. "The affirmation reflects our expectation Vail will maintain leverage below 4.25x through at least fiscal 2027 (ending July 2027). We expect its S&P Global Ratings-adjusted leverage to increase to 3.5x-4.0x in fiscal 2026 compared with 3.4x in fiscal 2025. Given early season results, we revised our base case for the remainder of the fiscal year. While snowfall remained meaningfully below historical averages through early February, we assume a modest normalization of weather patterns in late February and March will result in improved skier visitation in the second half of the season. Nonetheless, we expect skier visitation for the full 2025-2026 ski season will decline 5%-10%, with ancillary revenue dropping around 5%. However, we expect the decline in lift revenue will be limited to the low-single-digit percent area because of the mitigating impact of Vail's pass products. Advance commitment products, including season passes that are sold prior to the start of the ski season, comprise approximately 74% of skier visits, excluding complimentary visits. The related deferred revenue is generally recognized in the period based on the number of skiable days in the period relative to the estimated total skiable days in the ski season. This effectively results in revenue being recognized on a straight-line basis through the ski season, which partly mitigates the risk of weather variability. "In our revised base case, we assume Vail's S&P Global Ratings-adjusted EBITDA margin will contract 25-75 basis points. We expect the company will make progress on its resource efficiency transformation plan and expects to exceed $100 million in annualized cost efficiencies by fiscal 2027, and could pull back or delay hiring seasonal staff at some resorts. However, fixed costs and the revenue decline will offset any savings and result in modestly lower EBITDA margin. "Given the anticipated increase in debt leverage this year, we do not believe Vail will engage in financial policy choices, primarily M&A activity and discretionary share repurchases, that would drive leverage above our 4.25x downgrade threshold without a plan to subsequently reduce leverage. Over the past three years, Vail's adjusted leverage increased to approximately 3.4x in fiscal 2025 from about 2.8x in fiscal 2023, largely because of increased share repurchases and capital spending. Vail held significant cash throughout the COVID-19 pandemic to bolster liquidity. However, following the 2022-2023 ski season, the company repurchased $500 million, $150 million, and $270 million in fiscal years ended 2023, 2024, and 2025 respectively, funded primarily with cash on its balance sheet. "The stable outlook reflects our expectation that, despite poor snowfall at the beginning of the current ski season, Vail's leverage will remain under our 4.25x downgrade threshold through fiscal-year 2027, absent leveraging shareholder returns or M&A activity." S&P could lower its rating or revise our outlook to negative if it believes Vail's lease-adjusted debt to EBITDA will remain above 4.25x for a sustained period. This would likely occur if: -- Vail makes significant leveraging acquisitions not incorporated in S&P's base case; and -- Severe and continued adverse weather next ski season that significantly depresses skier visitation and further impairs the company's EBITDA and cash flow. S&P could revise its outlook to positive or raise the rating if: -- S&P believes the company can generate sufficient revenue, EBITDA, and cash flow to sustain leverage below our 3.25x upgrade threshold while incorporating potential leveraging M&A activity and shareholder returns; or -- S&P views an acquisition favorably and the addition increases Vail's geographic diversity such that S&P improves its business risk assessment. VIVIC CORP: Q2 Net Loss Falls to $126,147 Amid Liquidity Concerns ----------------------------------------------------------------- Vivic Corp. filed with the U.S. Securities and Exchange Commission its Quarterly Report on Form 10-Q reporting a net loss of $126,147 for the three months ended December 31, 2025, compared to a net loss of $962,685 for the three months ended December 31, 2024. For the six months ended December 31, 2025, the Company reported a net loss of $500,950, compared to a net loss of $1,547,193 for the same period in 2024. There were no revenues for the three and six months ended December 31, 2025 and 2024, respectively. As of December 31, 2025, the Company had $2.8 million in total assets, $1.3 million in total liabilities, and $1.5 million in total stockholders' equity. GOING CONCERN UNCERTAINTIES The Company had $17,906 of cash and cash equivalents and working capital deficit of approximately $0.15 million as of December 31, 2025, which included prepayments to related parties of $0.76 million, and the Company generated a net loss of $0.13 million and $0.50 million, respectively, during the three and six months ended December 31, 2025. The Company had an accumulated deficit of approximately $6.25 million as of December 31, 2025 and $0.30 million negative cash flow from operating activities during the period. The Company does not have sustained and stable income, and there is also significant uncertainty regarding its income for the next 12 months. The continuation of the Company as a going concern through the one-year period from the date on which this report is filed is dependent upon continued financial support from its related parties or loans or investments by third parties, increasing its sales and the diversity of its customer base. The Company is actively pursuing additional financing for its operations via potential loans and equity issuances. However, there is no assurance that the Company will be successful in securing sufficient funds to sustain its operations. Management has determined that these conditions indicate that it may be probable that the Company would not be able to meet its obligations within the next 12 months. These and other factors raise substantial doubt about the Company's ability to continue as a going concern. The consolidated financial statements contained in this report do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets and liabilities that may result if the Company is unable to continue as a going concern. MANAGEMENT PLANS To date, the Company has financed its operations primarily through equity investments and loans made by related parties and their affiliates in addition to loans from commercial banks and third parties. The Company may also seek funding through public or private financings, collaborative arrangements, and other possible means of financing. In addition, the Company will seek to expand the yacht brands the Company can offer for sale, the territories in which the Company markets its yachts, and, if appropriate based on the Company's capabilities and what the Company can offer, seek to become the exclusive distributor for yacht manufacturers in Taiwan and other territories. The Company will also seek to enter other areas related to the marine industry where the Company believes it can be profitable. A full text copy of the Company's Form 10-Q is available at https://tinyurl.com/58vmzhc2 About Vivic Vivic Corp. was established under the corporate laws of the State of Nevada on February 16, 2017. Beginning with a change in management resulting from a change in control of the Company at the end of 2018, the Company has explored and initiated operations in various business areas related to the pleasure boat industry. These included yacht sales, marine tourism, development of electric-powered yachts, development and operation of yacht marinas in Asia, and development of a yacht rental and timeshare service. The Company's headquarters are maintained at its branch in the Republic of China, Vivic Corp. It is mainly engaged in yacht procurement, sales, and leasing services in Taiwan and other countries. Irvine, California-based YCM CPA INC., the Company's auditor since 2022, issued a "going concern" qualification in its report dated September 30, 2025, attached to the Company's Annual Report on Form 10-K for the fiscal year ended June 30, 2025, citing that the Company had an accumulated deficit of $5.75 million as of June 30, 2025, and negative cash flows from operations. The Company does not have sustained and stable income, and there is also significant uncertainty in the income for the next 12 months. These conditions raise substantial doubt about the Company's ability to continue as a going concern. WARFIELD HISTORIC: Seeks to Tap Offit Kurman as Bankruptcy Counsel ------------------------------------------------------------------ Warfield Historic Properties, LLC and its affiliates seek approval from the U.S. Bankruptcy Court for the District of Maryland to employ Offit Kurman, P.A. as their bankruptcy counsel. The firm will render these services: (a) provide the Debtor with legal advice with respect to its powers and duties; (b) prepare on behalf of the Debtor all necessary legal papers; (c) assist in analyses and representation with respect to lawsuits to which the Debtor is or may be a party; (d) negotiate, prepare, file and seek confirmation of a plan of reorganization; (e) represent the Debtor at all hearings, meetings of creditors and other proceedings; and (f) perform all other legal services for the Debtor which may be necessary to serve its best interests and its bankruptcy estate in this proceeding. The firm's hourly rates are as follows: Stephen A. Metz, Esq. $660 Attorneys $325 to $910 In addition, the firm will seek reimbursement for expenses incurred. The firm received a retainer in the amount of $25,000, plus the $1,738 filing fee. Stephen A. Metz, a principal at Offit Kurman, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Stephen A. Metz, Esq. Offit Kurman, PA 7501 Wisonsin Avenue, Suite 1000W Bethesda, MA 20814 Telephone: (240) 507-1723 Facsimile: (240) 507-1735 Email: smetz@offitkurman.com About Warfield Historic Properties Warfield Historic Properties, LLC filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. D. Md. Case No. 24-12500) on March 26, 2024. In the petition signed by Roger Conley as president, the Debtor estimated $1 million to $10 million in both assets and liabilities. Michael J. Lichtenstein, Esq, at Shulman Rogers, P.A. represents the Debtor as counsel. WEABER INC: Gets Extension to Access Cash Collateral ---------------------------------------------------- Weaber, Inc. received another extension from the U.S. Bankruptcy Court for the Middle District of Pennsylvania to use cash collateral to fund operations. The court issued its 11th interim order authorizing the Debtor to use cash collateral consistent with its budget pending a further hearing. Such use is limited to (i) $6,213,403; as shown in the "Subtotal Cash Disbursements" line, and (ii) up to $400,000 per week as shown in the "Lumber" line. As adequate protection for the Debtor's use of their cash collateral, JPMorgan Chase Bank, N.A. and Cyprium Investors IV AIV I, LP will be granted replacement liens on their pre-bankruptcy collateral, and additional post-petition security interests in and liens on other property that is currently owned or will be acquired by the Debtor after the petition date (excluding avoidance actions). In addition, the Debtor will pay interest on its obligations to JPMorgan and the other lenders under the 2017 credit agreement in cash at the non-default rate of 9.25% per annum on a weekly basis. As further protection, JPMorgan and Cyprium will have an allowed administrative claim against the Debtor. The next hearing is scheduled for March 3. A copy of the court's order and the Debtor's budget is available at https://shorturl.at/kDgxv from PacerMonitor.com. Weaber produces oak and poplar hardwood products and operates entirely within the U.S., employing approximately 295 individuals. It is primarily financed by JPMorgan, which holds a first lien on its assets, with approximately $24.3 million in outstanding debt. Additional secured creditors include Cyprium Investors (with a junior lien of approximately $8 million) and Pathward N.A. (which holds a $3.88 million first-priority lien on certain machinery and equipment). The Debtor values its secured assets as follows: $6 million in accounts receivable, $23.3 million in inventory, $17.5 million in real estate, and $4.5 million in machinery and equipment. About Weaber Inc. Weaber, Inc. manufactures and distributes hardwood lumber products across the United States. Combining advanced production technology with strict quality standards, it supplies flooring, trim, paneling and other specialty hardwood components in both full-truckload and small-lot deliveries. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Pa. Case No. 25-02167) on August 1, 2025. In the petition signed by Matthew G. Weaber, president and CEO, the Debtor disclosed up to $50 million in both assets and liabilities. Judge Henry W. Van Eck oversees the case. Albert A. Ciardi, III, Esq., at Ciardi Ciardi and Astin, is the Debtor's legal counsel. JPMorgan Chase Bank, N.A., as secured creditor, is represented by: Su Jin Kim, Esq. Morgan, Lewis & Bockius, LLP 2222 Market Street Philadelphia, PA 19103 Telephone: (215) 963-5000 Facsimile: (215) 963-5001 su.kim@morganlewis.com -- and -- Michael Luskin, Esq. Stephan E. Hornung, Esq. Morgan, Lewis & Bockius, LLP 101 Park Avenue New York, NY 10178-0060 Tel: 212-309-6000 michael.luskin@morganlewis.com stephan.hornung@morganlewis.com Cyprium Investors IV AIV I, LP, as secured creditor, is represented by: Michael J. Roeschenthaler, Esq. Raines Feldman Littrell LLP 11 Stanwix Street, Suite 1100 Pittsburgh, PA 15222 (412) 899-6472 mroeschenthaler@raineslaw.com WEBSTER ETC: Gets Interim OK to Use Cash Collateral --------------------------------------------------- The U.S. Bankruptcy Court for the Southern District of Texas, Houston Division, entered an interim order authorizing Webster ETC, LLC to use cash collateral to fund operations. Under the interim order, the Debtor is authorized to use cash collateral strictly in accordance with its operating budget. The order allows limited flexibility, permitting weekly budget variances of up to 15% for expense items forecast at $5,000 or less and up to 10% for higher-cost items, with any underspent funds allowed to roll forward to future weeks. As of the petition date, the Debtor held approximately $167,000 in bank funds and about $180,000 in accounts receivable constituting cash collateral. Under the order, secured creditors are granted replacement liens on post-petition assets to the same extent as their pre-petition liens as adequate protection. The order is effective immediately upon entry, allowing the debtor to take all actions necessary to implement the approved relief and continue operations. A final hearing will be scheduled at a later date to consider continued authorization of cash collateral use. A copy of the court's order and the Debtor's budget is available at https://shorturl.at/rc9bD from PacerMonitor.com. As of the petition date, Webster ETC holds approximately $167,000 in bank cash, $10,000 on hand at the restaurant for employee tips and deliveries, and about $180,000 in mostly collectible receivables. The U.S. Small Business Administration and several other creditors claim interests in the Debtor's cash collateral. Some have filed UCC-1 financing statements, including PIRS Capital, LLC; Corporation Service Company; CT Corporation System; and US Foods, Inc. The Debtor believes the SBA holds a senior lien. About Webster ETC LLC Webster ETC owns and operates a Tex-Mex restaurant under a franchise agreement with El Tiempo in Webster, Texas. It has operated this El Tiempo restaurant franchise in Webster, Texas since 2017. Webster ETC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Texas Case No. 26-90333) on February 9, 2026, with between $1 million and $10 million in both assets and liabilities. Judge Christopher M Lopez oversees the case. The Debtor is represented by: Genevieve Marie Graham Genevieve Graham Law, Pllc dba Graham PLLC Phone: 832-367-5705 ggraham@graham-pllc.com WEST RIDGE: Plan Exclusivity Period Extended to March 16 -------------------------------------------------------- Judge David L. Bissett of the U.S. Bankruptcy Court for the Northern District of West Virginia extended WestRidge Commerce Centre Development 2E, LLC's ("WR2E"), a debtor affiliate of West Ridge, Inc., exclusive periods to file a plan of reorganization and obtain acceptance thereof to March 16 and May 15, 2026, respectively. As shared by Troubled Company Reporter, the Debtor seeks only to extend the Exclusive Periods for WR2E to make them coterminous with the Exclusive Periods for WRI, WRLH and WRC, with all rights reserved to seek additional extensions of the Exclusive Periods. The Debtor explains that the factors set out in the Express One case weigh in favor of extending the Exclusive Periods: * Size and Complexity of the Bankruptcy Case. The Chapter 11 Case is complex, and formulating a chapter 11 plan will require substantial time and effort. Additionally, the bar date for filing proofs of claim has not yet been set for any of the Debtors. * Sufficient Time to Negotiate a Plan of Reorganization. The Debtors require time to negotiate a plan of reorganization. The Debtors' focus to date has been on bringing all the Debtors under the Jointly-Administered Case, obtaining post-petition financing and satisfying the requirements set out in the Final DIP Order. The Second Joint Administration Order was entered less than a week before the expiration of the Exclusive Filing Period for WR2E. The Debtors and their professionals simply need additional time to compile and propose a plan of reorganization. * The Debtors' professionals have worked diligently since their retention to move these Chapter 11 Cases forward. Pursuant to the settlement embodied in the Final DIP Order, they have worked to cure reporting and informational deficiencies in the cases of WRI, WRLH, WRC, and WR2E. They also have been in frequent communication with key parties-in-interest and creditors of the Debtors to keep them abreast of the progress toward fulfilling these deficiencies and generating a path to a plan of reorganization. * Reasonable Prospect of Filing a Viable Plan. The Debtors are still evaluating the property of the estates and claims against the estates and confirming their financial information. The Debtors also are currently negotiating additional postpetition financing that will provide the Debtors with ample runway to propose, solicit and confirm a chapter 11 plan. Counsel to the Debtors: David L. Dubrow, Esq. Scott B. Lepene, Esq. Nicholas A. Marten, Esq. Patrick Feeney, Esq. Carolyn Indelicato, Esq. ARENTFOX SCHIFF LLP 1301 Avenue of the Americas, 42nd Floor New York, NY 10019 Telephone: (212) 484.3900 Facsimile: (212) 484.3990 Email: david.dubrow@afslaw.com scott.lepene@afslaw.com nicholas.marten@afslaw.com patrick.feeney@afslaw.com carolyn.indelicato@afslaw.com - and - Annie Y. Stoops, Esq. ARENTFOX SCHIFF LLP 555 South Flower Street, 43rd Floor Los Angeles, CA 90071 Telephone: (213) 629-740 Facsimile: (213) 629-7401 E-mail: annie.stoops@afslaw.com About West Ridge West Ridge, Inc. engaged in real estate development and management in Morgantown, West Virginia, operating under a unified management structure. West Ridge and affiliates sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. W. Va. Lead Case No. 25-00451) on Aug. 18, 2025. In its petition, West Ridge estimated assets between $10 million and $50 million and liabilities between $50 million and $100 million. Bankruptcy Judge David L. Bissett handles the cases. The Debtors tapped David B. Salzman, Esq., at Campbell & Levine, LLC, as bankruptcy counsel and Barth & Thompson as local counsel. WILLIAM V. CHOISSER: Aaron Cohen Named Subchapter V Trustee ----------------------------------------------------------- The Acting U.S. Trustee for Region 21 appointed Aaron Cohen, Esq., a practicing attorney in Jacksonville, Fla., as Subchapter V trustee for William V. Choisser, M.D., P.A. Mr. Cohen will be paid an hourly fee of $315 for his services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Mr. Cohen declared that he is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Aaron R. Cohen, Esq. P.O. Box 4218 Jacksonville, FL 32201 Tel: (904) 389-7277 Email: aaron@arcohenlaw.com About William V. Choisser M.D. William V. Choisser, M.D., P.A. sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Fla. Case No. 26-00638) on February 18, 2026, with up to $50,000 in assets and $500,001 to $1 million in liabilities. Robert D. Wilcox, Esq., at Wilcox Law Firm represents the Debtor as bankruptcy counsel. ********* On Thursdays, the TCR delivers a list of recently filed Chapter 11 cases involving less than $1,000,000 in assets and liabilities delivered to nation's bankruptcy courts. The list includes links to freely downloadable images of these small-dollar petitions in Acrobat PDF format. Each Friday's edition of the TCR includes a review about a book of interest to troubled company professionals. All titles are available at your local bookstore or through Amazon.com. Go to http://www.bankrupt.com/books/to order any title today. 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